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Panera Bread 1953 Whiskey Rd 4,300 SF Retail Building Aiken, SC 29803 $2,680,000 ($623.26/SF) 6% Cap Rate
Investment Highlights
- ? Corporate Tenant – Panera Bread. Leased to Covelli Enterprises / Cadle LLC, the largest franchisee of Panera Bread
- ? Drive-Thru Prototype. High-performing Panera format, capturing strong off-premises and mobile order sales
- ? Growing Market. Aiken’s population has increased 6.7% since 2010, with continued residential and retail growth supporting long-term demand.
- ? NNN Lease Structure. Passive investment with tenant responsible for taxes, insurance, CAM, and virtually all maintenance/repairs
- ? Dominant Retail Corridor. Positioned on Whiskey Road, Aiken’s top retail artery, adjacent to Walmart and surrounded by national retailers
- ? Walmart Outparcel Advantage. Directly positioned in front of a Walmart Supercenter, ensuring consistent customer traffic
Executive Summary
Introducing the investment opportunity at Panera Bread located at 1953 Whiskey Rd, Aiken, SC 29803. This single-tenant retail property with a drive-thru features a 4,300 SF building, a 960 SF patio, and sits on 0.9 acres of land with 58 parking spaces. Leased to the largest Panera Bread franchisee, Covelli Enterprises / Cadle LLC, this NNN lease structure offers a secure cash flow with a current annual rent of $160,820. Positioned on Aiken's prominent retail artery, this property enjoys a strategic location adjacent to Walmart and surrounded by national retailers, ensuring consistent customer traffic. Panera Bread's strong brand profile as a health-forward, high-quality fast-casual restaurant chain with innovative menu offerings and a massive digital presence, combined with a growing market in Aiken, makes this investment opportunity a standout in today's market. Don't miss out on this dynamic investment in a thriving location!
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,300 SF
Building Class
B
Year Built
2015
Price
$2,680,000
Price Per SF
$623.26
Cap Rate
6%
NOI
$160,820
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.01 AC
Zoning
GB - General Business
Parking
58 Spaces (13.49 Spaces per 1,000 SF Leased)
Nearby Major Retailers
Property Taxes
| Parcel Number | 122-13-02-007 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $142,330 |
Property Taxes
Parcel Number
122-13-02-007
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$142,330
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Panera Bread | 1953 Whiskey Rd
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