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Panera Bread 6741 Courthouse Lndg Ln 3,200 SF Retail Building Richmond, VA 23237 $3,476,040 ($1,086.26/SF) 5% Cap Rate
Investment Highlights
- Brand New 15-Year NNN Lease with 8% Increases
- New Construction in Q4 2025
- Corporate Guarantee from Panera Bread
- Located Within the Brand New Courthouse Landing Development
Executive Summary
Surmount and Marcus & Millichap are pleased to present the exclusive listing for a Panera Bread located at 6741 Courthouse Landing Lane, Richmond, VA 23237. The site consists of roughly 3,200 rentable square feet of building space on an estimated 1.18-acre parcel of land. This Panera Bread is subject to a 15-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $173,802 and has scheduled increases of 8.00% every 5 years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,200 SF
Building Class
C
Year Built
2025
Price
$3,476,040
Price Per SF
$1,086.26
Cap Rate
5%
NOI
$173,802
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.18 AC
Amenities
- Signage
- Drive Thru
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
1 of 3
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Panera Bread | 6741 Courthouse Lndg Ln
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