Panera Bread | Richmond, VA

Investment Highlights

BRAND NEW 15-YEAR NNN LEASE WITH 8% INCREASES
The subject property is secured by a brand new 15-year Triple Net (NNN) lease with Panera
Bread, featuring strong 8% rental increases every 5 years and four 5-year renewal options,
providing long-term income growth and stability for investors.

CORPORATE GUARANTEE FROM PANERA BREAD
The lease is guaranteed by Panera LLC, one of the most well-recognized and established
fast-casual dining concepts in the United States, providing strong credit backing for the
investment.

NEW CONSTRUCTION IN Q4 2025
This build-to-suit Panera Bread is scheduled for completion in Q4 2025 and will feature a
modern prototype on a 1.18-acre parcel, offering low anticipated maintenance and minimal
landlord responsibilities.

LOCATED WITHIN THE BRAND NEW COURTHOUSE LANDING DEVELOPMENT
The subject property is part of Courthouse Landing, a newly developed mixed-use project in
Richmond, VA, featuring national retailers, restaurants, hotels, and residential units, providing
excellent visibility and long-term demand for investors.

AFFLUENT AND EXPANDING DEMOGRAPHICS
More than 385,000 people reside within a 10-mile radius, with average household income
exceeding $92,000. The area is projected to grow by nearly 3% over the next five years.

PROXIMITY TO SCHOOLS AND HOSPITALS
Nearby educational institutions include Lloyd C Bird High School (3,427 students) and Salem
Church Middle and Elementary Schools (combined 1,381 students), along with major
healthcare facilities like HCA Virginia Health and Bon Secours.