Panera Bread

Panera Bread

1705 S. Stapley Dr.
Mesa (Phoenix MSA), AZ

Price: $4,009,713
Cap: 4.75%
NOI: $190,461
Building Size: 4,425 SF
Lot Size: 1.99 AC

Investment Highlights

About the Investment
• Brand New Construction; Opening August 2019!
• Long-Term, 15-Year Absolute Triple Net (NNN) Lease
• Lease Commencement Upon Close of Escrow
• Has Eight Percent (8.0%) 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 Retail Corridor | Walmart, AMC Theatres, Kohl's, Staples, HomeGoods, Burger King, Texas Roudhouse, Chili's, as well as Many Others
• Strong Academic Presence | Less Than Ten Miles From Arizona State University | Over 42,400 Students Enrolled
• Exellent Demographics | Population Exceeds 417,720 Individuals Within a Five-Mile Radius and 1,118,920 Individuals Within a Ten-Mile Radius
• Positive Real Estate Fundamentals | Within 6 Miles of Phoenix Sky Harbor International Airport - Serves Over 40 Million Passengers Annually | Less Than 20 Miles From Downtown Phoenix
• Strong Traffic Counts | Over 46,430 and 237,700 Vehicles Per Day Along S. Stapley Drive and U.S. Route 60

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, among other assets; positioning the chain for continued growth and long-term returns

Don McMinn
OFFERING MEMORANDUM

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