Top Performing Panera Bread in IL 1101 W Bird Blvd 5,226 SF Retail Building Peoria, IL 61615 $2,377,000 ($454.84/SF) 6% Cap Rate

This Panera Bread at 1101 W Bird Boulevard in Peoria, Illinois presents a highly compelling single-tenant net lease investment opportunity with over two decades of operating history and direct corporate lease backing. Since its opening in 2003, this location has consistently performed at a high level—prompting Panera Corporate to assume the lease from the franchisee and execute a new 10-year lease term through December 2033. This strategic move underscores Panera’s long-term commitment and affirms the asset’s strength and market position.
Located along Peoria’s dominant retail corridor near Knoxville Avenue, the property benefits from ±19,600 vehicles per day (VPD) and is surrounded by a robust mix of national retailers, including Big Lots, Goodyear, Ace Hardware, Subway, Dunkin’, and Hardee’s, among others. This established trade area is further supported by dense residential neighborhoods and a healthy mix of service and lifestyle tenants, creating durable cross-traffic and long-term stability.
The drive-thru equipped ±5,226 SF building sits on ±1.15 acres and enjoys excellent visibility and accessibility. With top-tier performance ranking in the 79th percentile nationally per Placer.ai, this Panera Bread is firmly positioned as a high-performing asset in the brand’s portfolio. Supported by a double-net (NN) lease structure, contractual 10% rent escalations every five years, and minimal landlord responsibilities, this offering delivers predictable income and long-term upside in a stable Midwestern metro anchored by healthcare, education, and manufacturing sectors.