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Panera Bread | 16+yrs Remain Corp Abs NNN 3522 Soncy

4,417 SF Retail Building Amarillo, TX 79119 $4,389,000 ($994/SF) 5.25% Cap Rate

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Investment Highlights

16 Years Remaining | Scheduled Rental Increases | Corporate Signed Lease | Well-Known & Established Brand
Located Along Soncy Road | Centralized Location | Drive-Thru Equipped | Excellent Visibility
Direct Residential Consumer Base | Affluent Community |Strong Demographics in 5-Mile Trade Area

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Major Surrounding Shopping Centers | Strong Tenant Presence | Nearby Attractions | Dense Medical Corridor | Texas Tech University

Executive Summary

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, drive-thru equipped Panera Bread investment property located in Amarillo, TX. The tenant recently signed a brand new 20-year, corporate-backed lease in December 2020 with 4 (5-year) option periods to extend, demonstrating their long-term commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and option periods, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor. Founded in 1987, Panera Bread is among the largest fast casual restaurants with over 2,100 locations across the United States.