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Panera 795 Jefferson Rd 4,600 SF Retail Building Rochester, NY 14623 $4,349,090 ($945.45/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate Panera Bread; a leading fast casual concept with over 2,100 locations.
- Brand New, high quality construction Panera with a 13 year initial term, 10% increases every 5 years and limited landlord responsibilities
- Highly visible site with multiple points of access and over 29,900 vehicles per day along Jefferson Road
EXECUTIVE SUMMARY
Outparcel of a new Hobby Lobby, along a dense retail corridor; area retailers include Home Depot, PetSmart, Chick-Fil-A, Aldi, Burlington, and Dick’s Sporting Goods.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,600 SF
Building Class
B
Year Built
2024
Price
$4,349,090
Price Per SF
$945.45
Cap Rate
5.50%
NOI
$239,200
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
12.15 AC
Zoning
C-3 - Regional Business District
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 263200 162.09-1-3.1 | Improvements Assessment | $8,712,000 |
| Land Assessment | $588,000 | Total Assessment | $9,300,000 |
PROPERTY TAXES
Parcel Number
263200 162.09-1-3.1
Land Assessment
$588,000
Improvements Assessment
$8,712,000
Total Assessment
$9,300,000
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Panera | 795 Jefferson Rd
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