Overview

Description

• Brand new 15-year lease with 3 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease features 8% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation
• The lease is signed by Panera, LLC, a subsidiary of the corporate entity
• Panera Bread, which was acquired by JAC Holding Company in 2017, is a leading quick-casual restaurant brand with over 2,180 locations

• Panera Bread is strategically fronting Highway 412 averaging 43,000 VPD
• 1 mile from Interstate 49 (95,000 VPD), providing direct on/off ramp access for travelers
• The immediate trade area is supported by national/credit tenants such as Hobby Lobby, Harbor Freight, Anytime Fitness, Lowe’s, Office Depot, and more
• The freestanding building is complete with a drive-thru to maximize both sales and convenience to the customer base surrounding the site
• Furthermore, the site benefits from close proximity to Arkansas Children’s Northwest Hospital (24 beds), further increasing traffic to the site

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