1469 E Us Highway 223
Adrian, MI 49221

The Jonna Group of Marcus & Millichap is pleased to present the exclusive listing for a new freestanding Panera Bread prototype located in Adrian, Michigan. Panera Bread recently inked a brand new 15-year lease that includes (3) 5-year options. This ideal Panera Bread lease offers 10% rent increases in both the base and option periods. The investment is backed by a corporate guarantee from Panera Bread, a leading fast casual restaurant retailer with over 2,100 locations. The subject property is located in the main retail hub of Adrian, off the busy intersection of US-223 and Division Street. US-223 sees a traffic count of over 22,000 vehicles traveling per day. The subject property is located in a dense retail trade zone that includes Lowe's, Walmart Supercenter, Meijer, Hobby Lobby, Aldi, Dollar Tree, Starbucks, Aspen Dental, Planet Fitness, Marshalls, Discount Tire, Buffalo Wild Wings, Kohl's, Verizon and many more. Adrian is the county seat of Lenawee County in South Michigan, sitting approximately 30 miles southwest of Ann Arbor, MI and 30 miles northwest of Toledo, OH. The city if home to three colleges: Adrian College, Jackson College and Siena Heights University, as well as being home to the historic Croswell Opera House. Adrian's elite schools and opera house bring a great deal of traffic and culture to the city. The city offers easy connections to Toledo Express Airport, Detroit Metro Airport, Willow Run Airport and just two miles from downtown is the Lenawee County Airport, with runway and service to handle large business jets. The city is vibrant community with a unique wealth of historic features and big city amenities.