Panera Bread

Back to your search results

Panera Bread

1386 W Main St Gaylord MI Ostego County

Sales Price: $2,006,153

Cap Rate: 5.25%

Lease Expiration: 11/30/2031

Contact Person(s): Maxwell Lippitt
Daniel Kukes
Kevin Baker
Jason Greenspan

Description:

ESSENTIAL TENANT – COVID-19 PROOF:
• Throughout the COVID-19 pandemic, this Panera has continued to report extremely strong sales figures.

LARGE FRANCHISEE:
• Bread of Life LLC is a fully owned subsidiary of Manna Development Group, a Panera operator with 133 locations throughout California, Oregon, Washington, Indiana, Colorado and Michigan.

LONG TERM LEASE WITH INCREASES:
• Panera has over 10 years left of term remaining on the lease, with a 10% rent increase in 2026. All options have built in rent increases.

REGIONAL TRADE AREA:
• Panera is surrounded by national big box retailers including Walmart, Home Depot, Lowe’s, Meijer, TJ Maxx, Hobby Lobby, ULTA, PetSmart and Kohl’s.

Building Size: 4,630 SF

Traffic Count: Main St (29,231 CPD)

Demographic Info:

Radius: 1 Mile 3 Mile 5 Mile
Population Density: 2,265 9,038 12,918
Avg. HH Income: $68,718 $66,479 $70,205

LANDMARK INVESTMENT SALES – Licensed Real Estate Brokers. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates are used for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction, the suitability of the property for your needs.