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Panera 8501 Beechmont Ave
3,900 SF Retail Building Cincinnati, OH 45255 $3,493,000 ($895.64/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- POSITIONED ON THE A.M. SIDE OF A MAJOR COMMUTER CORRIDOR
- STRONG LEASE FUNDAMENTALS
- BUILT IN CONSUMER BASE - THOUSANDS OF STUDENTS
EXECUTIVE SUMMARY
- Panera Bread has operated in this market for many years, and they recently relocated to this freestanding location from an inline shopping center location.
HIGH CREDIT FRANCHISEE
- Franchisee Guaranty from CAD Capital, LLC
- More than 350 locations across the country
- CAD Capital is one of the largest franchisees in the United States and the largest Panera Bread Franchisee
POSITIONED ON THE A.M. SIDE OF A MAJOR COMMUTER CORRIDOR
- Property is located on the morning side of Beechmont Ave (30K VPD) to I-275 (70K VPD), which is the main commuter route to downtown Cincinnati
- Over 1.6MSF of retail space in a one mile radius of the site
- Nearby National Retail Tenants include: Target, Harbor Freight, Staples, T.J. Maxx, Kroger, ChickFil-A, & more
AFFLUENT CINCINNATI MSA
- Within a 5-mile radius of the Panera Bread, the population is over 115K
- Also within a 3-mile radius the average household income exceeds $125K
- Almost 50k houses are located within a 5 mile radius of the subject site
BUILT IN CONSUMER BASE - THOUSANDS OF STUDENTS
- More than 11,000 students surrounding the site (Anderson High School - 1.5 Mi. - 1,142 Students
- Immaculate Heart - 1.17 Mi. - 718 Students
- Nagel Middle School - 0.75 Mi. - 1,150 students
- Sherwood Elementary - 2.3 Mi. - 668 students)
STRONG LEASE FUNDAMENTALS
- 5% rent increase every 5 years and during options periods
- Absolute NNN providing no Landlord Responsibilities
- 15 Year Lease with Three (3) - Five (5) year option periods
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Accommodation and Food Services
- -
- -
- Triple Net
- Dec 2038
Panera began in 1987 as St. Louis Bread Company, a humble community bakery founded with a sourdough starter from San Francisco and a dream of putting a loaf of bread in every arm. While Panera's business has expanded well beyond St. Louis since then, that same sourdough starter is still used in their iconic sourdough bread and the craft of baking bread fresh each day remains at the heart of Panera Bread. Each day their trained bakers fill their bakery shelves with delicious freshly baked cookies, pastries, bagels, and a range of breads from focaccia to classic baguettes. Panera Bread is privately held by JAB Holding Company. Panera Bread is part of Panera Brands, one of the largest fast casual restaurant platforms in the U.S., comprised of Panera Bread®, Caribou Coffee® and Einstein Bros.® Bagels.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Accommodation and Food Services | - | - | Triple Net | Dec 2038 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 500-0040-0279 | Improvements Assessment | $142,282 |
| Land Assessment | $139,342 | Total Assessment | $281,624 |
PROPERTY TAXES
Presented by
Panera | 8501 Beechmont Ave
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