Panera Bread

Panera Bread

680 E. Highway 80
Forney, TX

Price: $3,177,361
Cap: 4.75%
NOI: $150,925
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
• Dense Retail Corridor | Walmart, Walgreens, Lowe’s, Aldi, Kroger, AMC, Starbucks, Wendy’s, Chick-Fil-A , as well as Many Others
• Affluent Suburban Community | Average House Hold Income Within a Three Mile Radius is 97,040 | Population Exceeds 244,720 Individuals Within a 10-Mile Radius
• Situated in Forney Marketplace, a Premier Retail Center Site | 35-Acre Marketplace Anchored by a 124,000-square foot Kroger Marketplace
• Strong Traffic Counts | Over 70,000 Vehicles Per Day Along US Highway 80

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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