Panera Bread | New 15yr Corp Abs NNN | DrThru 5559 W Sunset Ave 3,200 SF Retail Building Springdale, AR 72762 $3,683,000 ($1,150.94/SF) 5.30% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 15-Year Lease | Scheduled Rental Increases | Corporate Signed Lease | Well-Known & Established Tenant
- Fronting Highway 412 | Surrounding National/Credit Tenants |Off Interstate 49 | Drive-Thru Equipped | Nearby Hospital
- Direct Residential Consumer Base | Affluent Community |Strong Demographics in 5-Mile Trade Area
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Surrounding New Development | Single & Multifamily Units |New Walmart Headquarters | University of Arkansas (Fayetteville)
EXECUTIVE SUMMARY
• Brand new 15-year lease with 3 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease features 8% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation
• The lease is signed by Panera, LLC, a subsidiary of the corporate entity
• Panera Bread, which was acquired by JAC Holding Company in 2017, is a leading quick-casual restaurant brand with over 2,180 locations
BAILEY BENSON
Director, Brokerage Operations Sage Real Estate Solutions, LLC bbenson@sagepartners.com
D: 479.845.3021 | M: 479.871.6160 5100 W. JB Hunt Drive, Suite 800 Rogers, AR 72758
AR License No. SA00072817
• The lease features 8% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation
• The lease is signed by Panera, LLC, a subsidiary of the corporate entity
• Panera Bread, which was acquired by JAC Holding Company in 2017, is a leading quick-casual restaurant brand with over 2,180 locations
BAILEY BENSON
Director, Brokerage Operations Sage Real Estate Solutions, LLC bbenson@sagepartners.com
D: 479.845.3021 | M: 479.871.6160 5100 W. JB Hunt Drive, Suite 800 Rogers, AR 72758
AR License No. SA00072817
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,200 SF
Building Class
B
Year Built
2024
Price
$3,683,000
Price Per SF
$1,150.94
Cap Rate
5.30%
NOI
$195,199
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.47 AC
Frontage
248’ on West Sunset Avenue
AMENITIES
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 815-39748-000 | Improvements Assessment | $0 |
| Land Assessment | $164,220 | Total Assessment | $164,220 |
