5416 Sunset Blvd
Lexington, SC 29072
Panera + Mattress Firm Net Leased · Retail Property For Sale

Panera + Mattress Firm Lexington is offered as a fee investment opportunity. It sits on a 1.35 acre pad of a Lowe’s Home Improvement store. The two tenant building is 8,700 SF with a drive-thru for Panera. The parking lot is large, with 65 spaces. Here are some of the highlights: PANERA’S OPERATING EXPERTISE –The tenant, Cadle Limited Liability Company, operates approximately 100 Panera locations, making it the single largest Panera operator. Cadle is an subsidiary of Covelli Enterprises which operates approximately 300 restaurant locations. Covelli has a track record dating back to 1959. PANERA’S STRONG PERFORMANCE –The tenant has experienced double digit percentage increases in profits year over year. It has also seen healthy gains in revenue. CORPORATE LEASE –Mattress Firm is on a corporate lease. In November 2018, Mattress Firm successfully completed financial restructuring under Ch. 11, and is said to have emerged with a strengthened balance sheet, strong liquidity position and an optimized store footprint of approximately 2,600 stores across the country. MARKET/LOCATION–Located on Sunset Blvd, adjacent to Office Depot, Kohl’s and Zaxby’s, in addition to Lowe’s. The immediate retail area includes Ross, Publix, Starbucks, Walmart, Buffalo Wild Wings, Chick-fil-A among many others along this retail artery.