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1601 Damron Ct
Effingham, IL 62401
Retail Property For Sale
Investment Highlights
- Long-Term Absolute NNN Lease | Panera is subject to a long-term, 15-year absolute triple net (NNN) lease, with 7.4 years remaining on the primary term
- Strong Rent Increase in 2.5 Years | The lease features scheduled 8% rental increases every five years, with the next adjustment set for February 2028
- Strong National Tenant with a Strategic Parent Company | Panera Bread operates over 2,100 locations nationwide
Property Facts
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,187 SF
Building Class
B
Year Built
2017
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.30 AC
Property Taxes
| Parcel Number | 0311018159 | Improvements Assessment | $0 |
| Land Assessment | $62,130 | Total Assessment | $62,130 |
Property Taxes
Parcel Number
0311018159
Land Assessment
$62,130
Improvements Assessment
$0
Total Assessment
$62,130
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