Panera Bread Lease Offering in New Smyrna Beach

Highlights:

• Panera has an initial 15 year term lease expiring 2037 and they have two remaining five-year options.
• The Panera is located at a lighted intersection at Highway 44 and Sugar Mill Drive. Hwy 44 has 33,500 cars per day and is the primary thoroughfare to New Symrna Beach from Orlando.
• Great visibility and signage to traffic at the hard corner with a monument sign and signage.
• Interstate 95 has an AADT of 46,000 Cars per day. Other notable neighbors are Walmart, Publix, Home Depot, Advent Health, multiple car dealerships and New Symrna Beach.
• This is a brand new construction with the building expected to be completed Summer 2022.

Description:

Garito and Company is pleased to offer for sale a 100% fee simple interest newly constructed Panera Bread in New Smyrna Beach, Florida. It’s located on 1.65 acres of land and will include a drive-thru and sufficient parking. The Panera is oart of the Coastal Woods Retail Project which is expected to include Arby’s, 7-Eleven, Culver’s and Zaxby’s.

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