Panera Bread

Panera Bread

15 North Airmont Road
Suffern, NY

Price: $4,425,732
Cap: 4.50%
NOI: $199,158
Building Size: 4,430
Lot Size: 1.43 AC

Investment Highlights

About the Investment

  • Brand New Construction With Drive-Thru; Estimated Opening Date September 2020!
  • Long-Term, 15-Year Absolute Triple Net (NNN) Lease
  • Lease Commencement Upon Close of Escrow
  • Eight Percent (8.0%) Rental Increases Every Five (5) Years
  • Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 35
    Years


About the Location

  • Dense Retail Corridor | Walmart, Walgreens, Starbucks, Wendy’s, McDonald’s, Shop Rite,
    Burger King, and Many More
  • Strong Academic Presence | Less than Three Miles from Rockland Community College|
    Total Enrollment Exceeds 7,000+ Students
  • Affluent Suburban Community | Average Income Within a Three-Mile Radius is $122,000
    |Population Exceeds 191,160 Individuals Within a Five-Mile Radius
  • Strong Traffic Counts | North Airmont Road and Interstate-87 | Approximately 11,500
    and 102,500 Vehicles Per Day, Respectively


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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