Panera Bread NNN Ground Lease
Portage, IN
Price: $3,000,000Cap Rate: Building SF: 4,300 SFLot Size: 1.175 AcresYear Built: 2015Status:
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Investment Highlights: 

Highly Desirable National Tenant  – The property is leased to Panera Bread, a popular American chain of bakery-cafe fast casual restaurants with 2,000 cafes throughout the U.S. and Canada with 2015 Revenues of $2.68 Billion.

A+ Real Estate on Hard Corner Signalized Intersection – The subject property is located on the busy hard corner signalized intersection of U.S. Hwy 6 (10,000 CPD) and Wildcreek Rd (30,000 CPD), offering excellent signage, access and visibility.

Outparcel to New Grocery Anchored Shopping Center – The property ideally sits on the highly visible front pad of a new Meijer Anchored Grocery shopping center. Meijer is a regional big-box supercenter chain with 224 stores throughout the Midwest.

Long Term Ground Lease with Rent Growth – The new 15-year ground lease features 10% rent increases every 5 years in the primary term as well as the (3) 5-year Option Periods.

Shadow Anchored by Walmart Supercenter – The property sits just across U.S. Highway 6 from a Walmart Supercenter and occupies the opposite corner from a Walgreens store.

Thriving Retail Trade Area – The subject property is located within the busiest major retail corridor in Portage. Neighboring tenants include Walmart, Menards, Meijer, Chipotle, Five Guys Burgers, Starbucks, Walgreens, McDonald’s, BMO Harris Bank, Verizon Wireless, and many more.


Ryan Barr

rbarr@lee-associates.com
O. 760.448.2446
F. 760.929.9977

Ryan Bennett

rbennett@lee-associates.com
O. 760.448.2449
F. 760.929.9977