Panera Bread

Panera Bread

1452 North Pebblecreek Parkway
Goodyear, AZ

Price: $3,732,887
Cap: 4.75%
NOI: $177,312
Building Size: 5,460 SF
Lot Size: 1.41 AC

Investment Highlights

About the Investment
• Brand New Construction; Opening December 2019!
• Long-Term, 15-Year Absolute Triple-Net (NNN) Lease
• Lease Commencement Upon Close of Escrow
• Has Eight Percent Rental Increases Every Five Years
• Has 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, Chase Bank, Safeway, Staples, Dollar Tree, McDonald’s, Starbucks, Burger King, as well as Many Others
• Strong Academic Presence | Less Than Two Miles from Desert Edge High School| Over 1,760 Students Enrolled
• Affluent Suburban Community | Average Income within a Three-Mile Radius Exceeds $91,810 | Population Exceeds 425,970 Individuals Within a 10-Mile Radius
• Excellent Real Estate Fundamentals | Less Than 16 Miles From Downtown Phoenix | Phoenix Sky Harbor International Airport - Serves Over 40 Million Passengers Annually
• Strong Traffic Counts | Over 32,070 and 161,130 Vehicles Per Day Along Pebble Creek Parkway and Interstate-10

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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