Panera Bread - Net Lease Property for Sale
Wichita, KS
Key Investment Metrics
Price
$3,497,000
Cap Rate
5.8%
Net Operating Income
$204,594
Building Size
4950 SF
Lot Size
4,950 SF
Land Area
0.81 Acres
Remaining Term
11.5 years
Lease Expiration
07/12/2037
Lease Term
20 years
Lease Commencement
07/12/2017
Lease Type
Absolute NNN
Tenant Credit
Franchisee
Year Built
1983
Occupancy
100%
Tenancy
Single
Rent Increases
7.5% rent increases every five years
About This Panera Bread Net Lease Property
This Panera Bread NNN (triple net lease) property is located in Wichita, KS and represents an excellent investment opportunity for commercial real estate investors. The property features 4950 square feet of building space and was built in 1983.
With a cap rate of 5.8%, this Panera Bread net lease property offers stable income potential. The asking price is $3,497,000, 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.
Wichita, KS Market Overview
Located in Wichita, KS, this Panera Bread property benefits from strong local demographics and market fundamentals. The Wichita area offers excellent visibility and accessibility, making it an ideal location for Panera Bread operations and a solid investment for net lease property buyers.