Log In/Sign Up
Your email has been sent.
Panera Bread | 11+yrs Abs NNN w/ Incrs 1605 N Rock Rd 4,950 SF Retail Building Wichita, KS 67206 $3,409,000 ($688.69/SF) 6% Cap Rate
Investment Highlights
- Over 11 Years Remaining | 7.5% Rental Increases | Franchisee Guaranteed
- Strategic Wichita Submarket | Growth & Stability
- Wichita Economic Drivers | Major Employment & Education Hub
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Dense Population Base | Strong Demographics
- Premier Retail Corridor | High Traffic Counts & Prime Visibility
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, franchisee guaranteed, Panera Bread investment property located in Wichita, Kansas. The tenant, Panera Bread has over 11 years remaining on there lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 7.5% 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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,950 SF
Building Class
B
Year Built/Renovated
1983/2023
Price
$3,409,000
Price Per SF
$688.69
Cap Rate
6%
NOI
$204,594
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.81 AC
Zoning
LC - Limited Commercial
Parking
50 Spaces (10.1 Spaces per 1,000 SF Leased)
Frontage
158’ on S Rock Rd
Amenities
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Panera Bread began as a community bakery-café in 1987, built around a sourdough starter and a format that helped shape the fast-casual restaurant segment. Panera Bread serves breakfast, salads, sandwiches, soups, mac & cheese, and baked goods, and also supports online ordering, delivery, catering, and rewards through its digital channels. Panera Bread operates as an American bakery-café chain with a presence across the United States and Canada, and the company continues to refresh its menu and brand offerings while keeping its focus on everyday meals and café service.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 113-07-0-41-01-010.00 | Improvements Assessment | $86,593 |
| Land Assessment | $81,375 | Total Assessment | $167,968 |
Property Taxes
Parcel Number
113-07-0-41-01-010.00
Land Assessment
$81,375
Improvements Assessment
$86,593
Total Assessment
$167,968
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
