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Panera Bread | New 15yr Corp Abs NNN | DrThru 5212 Moreno st

3,950 SF Retail Building Montclair, CA 91763 $6,422,000 ($1,626/SF) 4.50% Cap Rate

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Investment Highlights

Brand New 15-Year Lease | Scheduled Rental Increases | Corporate Signed | Growing & Popular Brand
2024 Construction | Drive-Thru Equipped
Outparcel to Top-Performing Target (Top 15% Nationwide) | Retail Corridor | Strong National/Credit Tenant Presence

Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
Signalized, Hard-Corner Intersection (62,600 VPD) |Excellent Visibility | Significant Street Frontage
Direct, Affluent Consumer Base | Nearby Apartments (800+ Units) |Strong Demographics in 5-Mile Trade Area

Executive Summary

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN drive-thru equipped, corporate signed, freestanding, Panera Bread investment property located in Montclair, California. The tenant, Panera, LLC recently signed a brand new 15 year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Today, Panera has over 2,100 locations and serves as America’s kitchen table centered around their delicious menu of chef-curated recipes that are crafted with care by their team members.