Panera Bread Fuquay-Varina, North Carolina

$3,011,809
Cap Rate: 4.75%

Property Details

Cap Rate: 4.75%
Price: $3,011,809
Rentable Square Feet: 4,500 SF
Annual Rent: $143,061
Price PSF: $669.29
Lot Size: +/- 0.80 Acres
Lease Type: NNN
Lease Term: 15 Years
Option Periods: 4, 5-Year Options
Rent Increases: 8% Every 5 Years
Expiration Date: 15 Years Upon COE

1330 North Main Street
Fuquay-Varina, NC 27526

Investment Highlights

  • Brand New Construction; Opening May 2019!
  • Long-Term, 15-Year Absolute Triple Net (NNN) Lease
  • Lease Commencement Upon Close of Escrow
  • 8% Rental Increases Every 5 Years
  • 4, 5-Year Tenant Renewal Options, Bringing the Potential Lease Term to 35 Years
  • Corporate Tenant | Corporate Guarantee
  • Dense Retail Corridor | Walmart, The Home Depot, Walgreens, Aldi, Kroger, Kohl’s, Staples, Burger King, Starbucks, Applebee’s, as well as Many Others
  • Less Than 15 Miles from North Carolina State University and Wake Tech Community College | Over 50,000 Students Enrolled
  • Average Income within a 5-Mile Radius Exceeds $96,100 | Population Exceeds 196,000 Individuals Within a 10-Mile Radius
  • Within 15 Miles of Downtown Raleigh | Raleigh-Durham International Airport Serves Over 11.6 Million Passengers Annually
  • Strong Traffic Counts | Over 39,200 Vehicles Per Day on North Main Street

 

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a brand-new Panera Bread located at 1330 North Main Street in Faquay-Varina, North Carolina. This is a rare investment opportunity to participate in a direct sale leaseback with Panera Bread. The newly constructed site will consist of roughly 4,500 rentable square feet of building space on estimated 0.80-acre parcel of land. The café is scheduled to open in May of 2019.

Panera, LLC, the corporate operating entity, will enter into a brand new 15-year triple-net sale leaseback with the purchaser upon close of escrow. The initial annual rent will be $143,061 and will increase by eight percent every five years throughout the term of the lease and in each option period. There will be four, five-year tenant renewal options, extending the total possible lease term to 35 years.

If new browser tab does not open to download the OM, make sure to check that your pop-up blocker is disabled.
You may also contact us at: 954-245-3592 or Click Here to Send Email

For More Information, Download OM: 

Download Barry Wolfe V-Card

Download Alan Lipsky V-Card

Action Gator Tire - The Village FLPlease Submit your Email to Download.

Advance Auto - Jacksonville FLPlease Submit your Email to Download.

Arbys - Bellevue OHPlease Submit your Email to Download.

Arcadia Crossing - Arcadia FLPlease Submit your Email to Download.

CVS - Poulsbo WAPlease Submit your Email to Download.

Dairy Queen - Hereford TXPlease Submit your Email to Download.

Dollar General - Lakeland FLPlease Submit your Email to Download.

Download FilePlease Submit your Email to Download.

7-Eleven OM Boca Raton, FLPlease Submit your Email to Download.

Family Dollar Fresenius - Memphis TNPlease Submit your Email to Download.

Hallandale Plaza - Hallandale Beach FLPlease Submit your Email to Download.

McDonalds - Brooklyn NYPlease Submit your Email to Download.

Needham Gateway Shops - Needham MAPlease Submit your Email to Download.

OReilly Auto OM - Franklin Park ILPlease Submit your Email to Download.

OReilly Auto OM - Merrillville INPlease Submit your Email to Download.

Panera Bread - Fayetteville NCPlease Submit your Email to Download.

Panera Bread - Garner NCPlease Submit your Email to Download.

Panera Bread - Mesa AZPlease Submit your Email to Download.

Panera Bread - Midlothian VAPlease Submit your Email to Download.

Panera Bread - Suffolk VAPlease Submit your Email to Download.

Panera Bread - Tulsa OKPlease Submit your Email to Download.

Panera Bread - Woodstock ILPlease Submit your Email to Download.

Peter Piper Pizza OM - North Lauderdale FLPlease Submit your Email to Download.

Redevelopment Opportunity - Tallahassee FloridaPlease Submit your Email to Download.

River Region - Jacksonville FLPlease Submit your Email to Download.

Riverview Plaza - Riverview FLPlease Submit your Email to Download.

Sea Fan Plaza - Lauderdale by the Sea FLPlease Submit your Email to Download.

Shoppes on Old Dixie - Vero Beach FLPlease Submit your Email to Download.

Taco Bell - Chiefland FLPlease Submit your Email to Download.

Taco Bell - Hwy 90 - Lake City FLPlease Submit your Email to Download.

Taco Bell - Live Oak FLPlease Submit your Email to Download.

Taco Bell - MacClenny FLPlease Submit your Email to Download.

Taco Bell - Starke FLPlease Submit your Email to Download.

Taco Bell - SW Main - Lake City FLPlease Submit your Email to Download.

Tire Choice - Ocala FLPlease Submit your Email to Download.

Walgreens - Delray Beach FLPlease Submit your Email to Download.

Wendys OM - Zephyrhills FLPlease Submit your Email to Download.