Panera Bread - Net Lease Property for Sale
Norfolk, VA
Key Investment Metrics
Price
$3,150,000
Cap Rate
5.2%
Net Operating Income
$164,500
Building Size
3500 SF
Lot Size
3,500 SF
Land Area
0.88 Acres
Remaining Term
14.2 years
Lease Expiration
09/30/2039
Lease Term
15 years
Lease Commencement
09/18/2024
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
2024
Occupancy
100%
Tenancy
Single
Rent Increases
10% Every 5 Years
About This Panera Bread Net Lease Property
This Panera Bread NNN (triple net lease) property is located in Norfolk, VA and represents an excellent investment opportunity for commercial real estate investors. The property features 3500 square feet of building space and was built in 2024.
With a cap rate of 5.2%, this Panera Bread net lease property offers stable income potential. The asking price is $3,150,000, 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.
Norfolk, VA Market Overview
Located in Norfolk, VA, this Panera Bread property benefits from strong local demographics and market fundamentals. The Norfolk area offers excellent visibility and accessibility, making it an ideal location for Panera Bread operations and a solid investment for net lease property buyers.