Amherst, OH - Panera Bread

Description:

• Panera Bread will execute a brand new 10-year lease at the close of escrow
• Covelli Enterprises is the largest Panera Franchisee, operating 300+ locations across the country (Covelli Enterprises)
• Dalcan, LLC (54 Panera Bread Stores) is the guarantor of the lease
• The lease features 7.50% rental increases every five years throughout the initial term and at the beginning of each of the 4 (5-year) options
• The asset is equipped with a drive-thru, allowing for increased customer convenience

• Subject property is strategically located at the signalized, hard corner intersection of Cooper Foster Park Road and Oak Point Road with a combined traffic count of over 20,500 vehicles per day
• Infrastructure improvements planned along the Oak Point Road corridor to enhance accessibility and support commercial growth (City Of Amherst)
• National tenants in the immediate trade area such as Taco Bell, Chick-fil-A, Chipotle, Jimmy John’s, Raising Cane’s, and more
• Surrounded by big box retailers such as Giant Eagle, Meijer, Tractor Supply Co, Planet Fitness, Goodwill and more

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Listing ID: a28TP00000301dVYAQ