Panera Bread and Subway

Highlights:

• LONG-TERM OPERATING HISTORY: Both Subway and Panera Bread have an operating history of 20+ years
• STRONG REPORTED SALES: Panera Bread reported 2024 sales of over $3.06M, translating to a strong health ratio of 7.46%.
• PROXIMITY TO NORTHERN ILLINOIS UNIVERSITY: 2-miles from NIU campus
• PANERA BREAD WITH DRIVE-THRU: This Panera Bread location benefits from a drive-thru.
• RECENT CAPITAL IMPROVEMENTS: Ownership recently completed a full replacement of the roof, which is recoverable by the tenants on an amortized basis
• UNMATCHED ACCESS & VISIBILITY: The site is strategically situated at the NEC of a signalized intersection on Sycamore Road, with approx 20,500 VPD.

Description:

CBRE’s National Retail Partners—Midwest is pleased to present the opportunity to acquire a 100% fee interest in a 6,504-square-foot two-tenant center located in DeKalb, IL. The Property is 100% leased to Panera Bread with a drive-thru and Subway.

Panera has been a tenant since 2001 and has a term through January 2033. The lease features a 10% rental increase in 2028 as well as 10% increases in each of the two 5-year renewal options. Subway has been operating at the center since 1987 and has just over three years of term remaining. The lease features healthy 3% annual rental increases throughout the base term and in the remaining 5-year renewal option.

The site is strategically situated at the NEC of a signalized intersection on Sycamore Road, with approximately 20,500 vehicles passing daily. It is accessible via a dedicated right-turn lane on Sycamore Road and the surrounding retail.

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