Panera Bread

Panera Bread

2810 Raeford Road
Fayetteville, NC

Price: $3,979,380
Cap: 4.75%
NOI: $189,021
Building Size: 4,425 SF
Lot Size: 0.75 AC

Investment Highlights

About the Investment
✓ Brand New Construction; Opening October 2019!
✓ Long-Term, 15-Year Absolute Triple Net 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 Urban Infill | Publix, Harris Teeter, BB&T, Exxon, Dunkin’ Donuts, Wendy’s, Taco Bell, Hardee’s, as well as Many Others
✓ Strong Academic Presence | Less Than Three Miles From Fayetteville State University | Over 6,020 Students Enrolled
✓ Excellent Demographics | Population Exceeds 146,530 Individuals Within a Five-Mile Radius and 302,110 Individuals Within a Ten-Mile Radius
✓ Positive Real Estate Fundamentals | Approximately 50 Miles From Downtown Raleigh | The Second Largest City in and the Capital of North Carolina
✓ Strong Traffic Counts | Over 44,940 and 49,670 Vehicles Per Day Along Raeford Road and All American Freeway

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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