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Panera Bread & Pizza Hut

$2,779,065

1275 Boardman Road, Jackson, MI 49202

Active
Last Updated: 06/18/2026

5.82

Cap Rate

161,763

NOI

Details:
Cap Rate:    5.82%
NOI:    $161,763
Building Size:    8,739 sqft
Lot Area:    0.91 acres
Occupancy:    100%
Lease Type:    Absolute Net
Tenancy:    Single
Highlights:
  • $5,000,000+ Reported Sales
  • Significantly Below Market Rent
  • Highly Successful Operators
  • Long Standing Tenant History
  • Recent 10-Year Early Renewal
  • Active Submarket with New Growth
Description:

Landmark Investment Sales is pleased to present a dual-tenant net lease investment (structured as a single lease) anchored by Panera Bread and Pizza Hut, providing proven multi-brand diversity with a passive lease structure. The two operators report $5M+ in annual sales with 20+ years of continuous occupancy and a recently executed 10-year early renewal. At just $18.50 PSF all-in against a market leasing well above $40.00 PSF, the rent basis is significantly below market. The property is an outparcel to a newly redeveloped center anchored by Burlington, Hobby Lobby, Planet Fitness, and Buckle, and adjacent to Jackson Crossings, a 420,238 square foot regional power center drawing 2M+ annual visitors, with direct visibility from I-94 (50,000 VPD).

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Documents:
Title
129i_Panera___Pizza_Hut-Jackson__MI-OM__c_.pdf
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Location
Gallery