Your email has been sent.
Panera Bread 160 Coolridge St 4,116 SF Retail Building Hendersonville, NC 28792 $3,828,873 ($930.24/SF) 5.50% Cap Rate
Investment Highlights
- Irreplaceable Market Positioning – Property is situated along the prime retail corridor in the city with daily traffic counts that exceed ±36,000 VPD
- Long Term NNN Lease – With approximately ±10 years remaining on the Panera Bread lease, investors benefit from extended income certainty.
- Nationally Recognized Tenant – Panera Bread is a nationally known fast-casual brand with over 2,000 locations nationwide, providing strong brand recog
- On-Site Tesla Ev Chargers – The property features 12 on-site Tesla Superchargers that contribute directly to NOI, providing an additional diversified
- Proximity To National Tenants – Property is strategically located in the city’s main retail corridor with proximity to national retailers like Home De
- Strong Guaranty From Largest Panera Bread Franchisee – Covelli Enterprises is recognized as one of the best Panera Bread franchisees in the country, o
Executive Summary
Kyle Matthews
License # C38369 (NC)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
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 End | ||
|
|
Accommodation and Food Services | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 9579148906 | Improvements Assessment | $755,700 |
| Land Assessment | $1,742,400 | Total Assessment | $2,498,100 |
Property Taxes
Presented by
Panera Bread | 160 Coolridge St
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.