Investment - Panera Bread For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30348709
Property Subtypes: Free-Standing Building, Restaurant, Street Retail, Other
Building Size (RSF): 4,000 SF
Gross Building Area: See Agent
Sale Price: $2,750,000
Unit Price: $687.50 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: 4.5%
Last Updated: 11/15/2018

Overview / Comments

PANERA BREAD NET LEASED INVESTMENT WITH THE LARGEST FRANCHISE OPERATOR IN THE U.S. IN COVELLI ENTERPRISES (COVELLI.COM). TENANT IS IN THE INITIAL 10 YEAR PRIMARY TERM AND HAS TWO (2) FIVE YEAR RENTAL OPTIONS. LOCATED IN THE PREMIER RETAIL CORRIDOR OF SUMMERVILLE WITH HIGH BARRIERS TO ENTRY ADJACENT INTERSTATE 26 AS AN OUTPARCEL TO POWER CENTERS FEATURING WALMART SUPERCENTER, KOHL'S, TARGET, REGAL CINEMAS AND MORE.

NEW ROOF, HVAC, MECHANICAL AND ELECTRICAL IN 2009.

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Additional Details

Nearest MSA: Charleston-North Charleston
County: Berkeley
Submarket/Township: 74 - Jedburg Rd-Black Tom-Hwy.17a-Col.Pk.
Tax ID/APN: 232-00-02-094
Year Built: 1992

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,671 46,926 119,550
Median Age: 34.57 35.37 35.02
Households: 1,562 17,374 44,194
The information presented herein is provided as is, without warranty of any kind. Neither South Carolina Statewide Commercial MLS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.