Panera Bread

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.
• Brand New Construction - Store Opened Q4 2025 | Brand-new, ground-up Panera Bread positioned within a rapidly expanding commercial corridor. Recent development activity (see the link above) highlights the area’s accelerating growth, rising consumer demand, and strong long-term value trajectory.
• 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.
• 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.
• 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 (see link above to drone video).
• 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.