Panera Bread St. Charles,Illinois

$3,495,146
Closed Single-Tenant
Property type:Single-Tenant Net Lease

The space

  • NOI: $180,000
  • Year Built / Renovated: 2000
  • Building Size: 4,629
  • Lot Size: +/- 1.22 Acres
  • Type of Ownership: Fee Simple
  • Price / SF: $755.05
  • Rent / SF: $38.89

Description

2871 East Main Street
St Charles, IL 60174

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease
  • Lease Commencement Upon Close of Escrow
  • One and Three Quarter (1.75%) Annual Rental Increases Starting in Year 6
  • Six (6), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 50 Years

 

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Panera Bread located at 2871 East Main Street in St. Charles, Illinois. This is a rare investment opportunity to participate in a direct sale leaseback with Hamra Enterprises.  This café consists of roughly 4,629 rentable square feet of building space on an estimated 1.22-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 $180,000 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.

For More Information, Download OM: 

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