Panera Bread Woodstock, Illinois

$3,902,913
Cap Rate: 5.15%
Property type: Single-Tenant Net Lease

Property Details

Cap Rate: 5.15%
NOI: $201,000
Year Built / Renovated: 2012
Building Size: 4,022
Lot Size: +/- 0.85 Acres
Type of Ownership: Fee Simple
Price / SF: $970.39
Rent / SF: $49.98

925 Country Club Rd
Woodstock, IL 60098

Marcus & Millichap is pleased to present the exclusive listing for a Panera Bread located at 925 Country Club Road in Woodstock, IL. This is a rare investment opportunity to participate in a direct sale leaseback with Hamra Enterprises.  This café consists of roughly 4,022 rentable square feet of building space on an estimated 0.85-acre parcel of land.

Chicago Bread, LLC will enter into a brand new 20-year triple-net (NNN) sale leaseback with the purchaser upon close of escrow. The initial annual rent will be $201,000 and will increase by one and three-quarter percent (1.75%) annually starting in year 6 and continuing throughout the term of the lease and in each option period. There will be six (6), five (5)-year tenant renewal options, extending the total possible lease term to 50 years.

 

Broker of Record

Steven Weinstock
License:  471.011175

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