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639 S Cumberland St 4,500 SF Retail Building Lebanon, TN 37087 $3,000,000 ($666.67/SF) 6.41% Cap Rate
Investment Highlights
- Panera exercised first renewal option, showing site-level commitment and profitability.
- Wilson County — fastest growing county in TN with ~3.1% annual population growth.
- Acquired by JAB Holding Company in 2017 for $7.5 billion; 2,187+ locations.
- Walmart outparcel across from Lowe's with traffic counts exceeding 24,000 VPD.
- 10% rent increases every 5 years and at each option period.
- Nashville MSA — annual GDP exceeding $204.9 billion, one of the nation's hottest destinations.
Executive Summary
Hutt Cooke
Matthews Real Estate Investment Services, Inc
356505, 263667 (TN)
1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550
Property Facts
Amenities
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- May 2027
Panera began in 1987 as St. Louis Bread Company, a humble community bakery founded with a sourdough starter from San Francisco and a dream of putting a loaf of bread in every arm. While Panera's business has expanded well beyond St. Louis since then, that same sourdough starter is still used in their iconic sourdough bread and the craft of baking bread fresh each day remains at the heart of Panera Bread. Each day their trained bakers fill their bakery shelves with delicious freshly baked cookies, pastries, bagels, and a range of breads from focaccia to classic baguettes. Panera Bread is privately held by JAB Holding Company. Panera Bread is part of Panera Brands, one of the largest fast casual restaurant platforms in the U.S., comprised of Panera Bread®, Caribou Coffee® and Einstein Bros.® Bagels.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | May 2027 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 081-034.00 | Improvements Assessment | $251,880 |
| Land Assessment | $176,240 | Total Assessment | $428,120 |
Property Taxes
