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Panera Bread 2820 E Germann Rd 4,300 SF Retail Building Chandler, AZ 85286 $2,672,000 ($621.40/SF) 5.15% Cap Rate
Investment Highlights
- Long-Term NNN Lease
- Established National Tenant
- Premier Chandler Retail Corridor
- Built-In Rental Growth
- Large Signalized Pad Site
- Adjacent To High-Traffic Retail
Executive Summary
Surmount is pleased to present the exclusive listing for a Panera Bread located at 2880 East Germann Road, Chandler, AZ 85286. The site consists of roughly 4,300 rentable square feet of building space on an estimated 1.38-acre parcel of land. Panera Bread is subject to a 15-year Triple Net (NNN) lease, which commenced 7/12/2017. The current annual rent is $137,619 and has scheduled increases of 8.00% Every 5 Years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,300 SF
Building Class
B
Year Built
2017
Price
$2,672,000
Price Per SF
$621.40
Cap Rate
5.15%
NOI
$137,619
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.38 AC
Zoning
PAD - PAD
Amenities
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 303-31-209 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $282,705 |
Property Taxes
Parcel Number
303-31-209
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$282,705
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Panera Bread | 2820 E Germann Rd