Panera Bread - Net Lease Property for Sale
Effingham, IL
Key Investment Metrics
Price
$2,925,000
Cap Rate
5.3%
Net Operating Income
$153,527
Building Size
4187 SF
Lot Size
4,187 SF
Land Area
1.3 Acres
Remaining Term
7.2 years
Lease Expiration
02/27/2033
Lease Term
15 years
Lease Commencement
02/28/2018
Lease Type
NNN
Tenant Credit
Corporate Guarantee
Year Built
2017
Occupancy
100%
Tenancy
Single
Rent Increases
8% Every 5 Years
About This Panera Bread Net Lease Property
This Panera Bread NNN (triple net lease) property is located in Effingham, IL and represents an excellent investment opportunity for commercial real estate investors. The property features 4187 square feet of building space and was built in 2017.
With a cap rate of 5.3%, this Panera Bread net lease property offers stable income potential. The asking price is $2,925,000, making it an attractive option for 1031 exchange investors seeking quality Panera Bread commercial properties.
Why Invest in Panera Bread NNN Properties?
- Stable Income: Panera Bread net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Panera Bread is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Effingham, IL Market Overview
Located in Effingham, IL, this Panera Bread property benefits from strong local demographics and market fundamentals. The Effingham area offers excellent visibility and accessibility, making it an ideal location for Panera Bread operations and a solid investment for net lease property buyers.