Panera Bread

Panera Bread

960 Tarrytown Center
Rocky Mount, NC

Price: $2,726,288
Cap: 4.75%
NOI: $129,499
Building Size: 5,460 SF
Lot Size: 1.41 AC

Investment Highlights

About the Investment
• Brand New Construction; Opening November 2019!
• Long-Term, 15-Year Absolute Triple Net (NNN) Lease
• Lease Commencement Upon Close of Escrow
• Has Eight Percent Rental Increases Every Five Years
• There are Four, Five -Year Tenant Renewal Options, Bringing the Potential Lease Term to 35 Years
• Corporate Tenant | Corporate Guarantee

About the Location
• Outparcel to a Sam’s Club in a Dense Retail Corridor | Walmart Supercenter, Lowe’s, Aldi, Target, CVS Pharmacy, Walgreens, Chick-fil-A, McDonald’s, Burger King, Wendy’s, and Many More
• Several Hospitality Accommodations Within a Three Mile Radius| Hampton Inn, Candlewood Suites, Country Inn & Suites, DoubleTree by Hilton, Days Inn & Suites, Comfort Inn, Holiday Inn, Courtyard by Marriott
• Less than Two Miles from Golden East Crossing Shopping Mall | 55+ Retail Stores
• Nash General Hospital | Largest Employer in the Area with More than 1,650 Employees and 280 Beds

About the Tenant / Brand
• Panera has been one of the most successful restaurant companies in history
• Panera was the best-performing restaurant stock when measured over the last 20 years; delivering a total shareholding return 44 times better than the S&P 500 from 1997 to 2017
• Named “Sales Leader” by Nation’s Restaurant News in the Bakery-Café Group – August 2018
• Pioneer in Advanced Technology – Driver of Ongoing Sales Growth and Improved Delivery-Catering Initiatives
• Acquired in 2017 by JAB Holdings, a European conglomerate that owns Krispy Kreme, Keurig, Peet’s Coffee, Pret A Manger, among other assets; positioning the chain for continued growth and long-term returns

Don McMinn
OFFERING MEMORANDUM

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