Panera Bread @ SSM Health DePaul Hospital

12252 Saint Charles Rock Road, Bridgeton, MO

$2,455,000

Price

6%

Cap Rate

$147,216

NOI

Overview
Cap Rate
6%
NOI
$147,216
Lot Area
4,550 sqft
Year Built
2017
Tenancy
Single
Lease Expire Year
12/31/2032
Description

Single-Tenant Panera Bread Corporate Relocation Store with Drive-Thru:
-Very strong reported unit-level sales (contact broker for more information)
-13+ years remaining on initial 15-year corporate lease
-Panera Bread strategically relocated from an inline space to the pad space in order to maximize their sales by adding a drive-thru
-Panera Bread has over 2,300 locations in the U.S. and Canada

Pad to the Plaza at DePaul Anchored by Kohl’s, ALDI, Chipotle, and Jack in the Box:
-ALDI re-committed to the site by doing a massive renovation in 2019
-Kohl’s recently renewed for 10 years showing their commitment to the center
Located at a hard corner signalized intersection with 43,000 CPD and four points of ingress/egress

Adjacent to SSM Health DePaul Hospital: 476-bed regional hospital with over 2,300 employees and 200,000 annual patients all contributing to a daytime population of 165,000 (5-mile radius)

Dense Infill Trade Area: Over 143,000 people within a 5-mile radius of the subject property

St. Louis MSA is One of the Largest MSAs in the U.S.: Over 3 million residents
-16 Fortune 1,000 companies are headquartered in St. Louis
-6-minute drive to from the St. Louis Lambert International Airport with direct flights to 74 cities throughout the U.S.

Documents
Title
CLICK HERE FOR COMPLETE OFFERING MEMORANDUM
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Location
Gallery