Overview

Description

Panera has 10 years remaining on initial 15-year lease NN lease with attractive 10% rental escalations every 5 years with three 5-year options to renew. The Tenant, Panera, LLC operated 2,131 bakery-cafes, company & franchise, in 48 states & in Ontario Canada (as of August 29, 2023), under the Panera Bread(R) & Saint Louis Bread Co.(R) brand names.
The Asset is Located in a dominant retail corridor - this free-standing building with a drive-thru, is positioned on a large ±1.12-acre lot, with excellent visibility/access on W Dodge Frontage Rd N where traffic counts exceed 120,510 CPD! Nearby retailers include Costco, Target, Walmart, Menards, Lowe’s, Home Depot, Sam’s Club, Scheels, Kohl’s, Hobby Lobby, The Container Store, Nebraska Furniture Mart, T.J. Maxx & HomeGoods, Ross, Old Navy, Sierra, Dick’s Sporting Goods, Von Maur, Ulta Beauty, Best Buy, Michaels, Office Depot, Petco, PetSmart, Floor & Decor, World Market, ALDI, Bakers, Hy- Vee, Whole Foods, AMC Theatres, and Marcus Theatres. It is 3.5 miles from Nebraska Methodist College - a private, not-for-profit nursing & health care college with 1,082 students; 6 miles from University of Nebraska Omaha - a public research university offering over 270 undergraduate, graduate degrees, & certificates with total enrollment of 15,058; 6 miles from CHI Health Lakeside - West Omaha’s only full-service hospital specializing in cancer, orthopedics, maternity and 24/7 emergency care with 157 beds; 7 miles from Methodist Women’s Hospital - the region’s only medical campus dedicated to women’s health with 153 beds.

Highlights

• 10 years remaining on initial 15-year lease NN lease with attractive 10% rental escalations every 5 years with three 5-year options to renew.
• Panera, LLC operated 2,131 bakery-cafes, company & franchise, in 48 states & in Ontario Canada (as of August 29, 2023), under the Panera Bread(R) & Saint Louis Bread Co.(R) brand names
• Located in a dominant retail corridor - this free-standing building with a drive-thru, is positioned on a large ±1.12-acre lot, with excellent visibility/access on W Dodge Frontage Rd N where traffic counts exceed 120,510 CPD!
• AFFLUENT DEMOGRAPHICS: 2023 Population: 251,019 | 2023 Average Household Income: $150,837

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