San Antonio, FL - Panera Bread

Description:

• The tenant recently executed a brand new 15-year lease with 3 (5-year) renewal options, demonstrating long-term commitment to the site
• The lease features a 5.50% rental increases after the first year then 10% increase every five years throughout both the primary term and all option periods, providing predictable NOI growth and a built-in hedge against inflation
• Panera Bread operates more than 2,200 bakery-cafés across the United States and is pursuing its Panera RISE growth strategy, which targets more than $7 billion in systemwide sales by 2028 (Article Link)

• The site benefits from its location directly adjacent to Double Branch, a major 965-acre master-planned development that will introduce a dynamic mix of residential, retail, dining, entertainment, office, industrial, healthcare and recreational uses, driving significant new consumer and employment activity near the property (Article Link)
• Double Branch is expected to create approximately 2,700 new jobs, establishing the I-75 and SR 52 interchange as a major economic gateway
• Situated within a dense node of major new residential developments and surrounded by nearly 30,000 existing and planned units within three miles, creating a rapidly expanding customer base and supporting long-term demand at the site
• Panera will be part of Abbey Crossings, a 330-acre master-planned mixed-use development featuring planned industrial, retail, multifamily, office and commercial uses, along with a strong lineup of national retailers and major anchors, including Lowe’s Home Improvement and Walmart Supercenter (Project Overview)
• Strong co-tenant synergy alongside Chipotle Panera Bread and Panda Express, with the adjacent Chipotle and Dunkin’ parcels also available for sale; please contact the listing agents for additional details

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Listing ID: a28TP000003KUD7YAO