Panera Bread Sale Lease Back

Panera Bread Sale Lease Back

1620 North Route 59
Naperville, IL

Price: $2,782,814
Cap: $132,184
NOI: 4.75%
Building Size: 3,810 SF
Lot Size: 1.0 AC

Investment Highlights

The subject investment property is situated on North Route 59, which experiences an average daily traffic count of roughly 49,000 vehicles. West Diehl Road, which intersects North Route 59, brings an additional 19,500 vehicles to the immediate area daily. Interstate 88, which runs parallel to West Diehl Road in the area, experiences an average daily traffic count of over 136,000 vehicles. There are more than 64,200 individuals residing within a three-mile radius of the property and more than 189,400 individuals within a five-mile radius. This café is situated in an affluent suburban community with an average household income of over$97,000 within a one-mile radius.

The subject property benefits from being well-positioned in a highly dense retail corridor consisting of national and local tenants, shopping centers, and hotels all within close proximity of this property. Major national tenants within the immediate area include: Dollar Tree, Starbucks, McDonald’s, Wendy’s, FedEx, Dunkin’ Donuts, and Cracker Barrel. The subject café is strategically situated as one of the first restaurants individuals see when travelling south on IL-59 when coming off Interstate 88. Additionally, the café benefits from its proximity to numerous accommodations in the area including Red Roof Plus, Extended Stay America, Fairfield Inn & Suites, TownePlace Suites, and Sleep Inn. The headquarters of Nalco Company and Coriant, two of the area’s top employers, are both located within a mile of the subject property. Many other companies conduct major operations in the area just north of the subject property, including Calamos Investments, Nicor Gas, and Dart Warehouse Corporation. There are four schools located roughly a mile away from the subject property with a combined enrollment of approximately 3,800 students.

Located 28 miles west of Chicago, Naperville, Illinois, consistently ranks as a top community in the nation in which to live, raise children and retire. This vibrant, thriving city is home to acclaimed public and parochial schools, the best public library system in the country, world-class parks, diverse worship options, an array of healthcare options and an exceptionally low crime rate. Naperville has ready access to a variety of public transportation, housing and employment options. The city’s diversified employer base features high technology firms, retailers and factories, as well as small and home-based businesses. With all the amenities of a modern city and all the charm of a small town, Naperville truly is the premiere community in which to live, work and play.

Don McMinn

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