Tenant Description

Panera Bread is a chain of fast, casual restaurant that has become an increasingly popular net lease investment property due to the rapidly escalating consumer demand for healthy food choices. The Panera Bread brand began in 1981 as Au Bon Pain Co., Inc. The company was renamed and repositioned as Panera Bread to capitalize on the growing health and fitness movement. In doing so the company’s stock has grown exponentially, today totaling a market capitalization of $7.11 billion. Panera Bread Cafes are located near major shopping centers, university and college campuses, and business centers. They feature high-quality food in a warm, inviting, and comfortable environment with handcrafted artisan bread that is baked daily. The menu also features soups, salads, and sandwiches along with rotating seasonal dishes. Panera Bread net lease properties provide for a long-term NNN investment with no property management responsibilities. The average restaurant size is 4,500 square feet on 1.0-1.5 acres of land, often on a pad site.Lease terms are typically 15-20 years with one or two options to extend the lease. Many leases include rent increases between 5%-10% in base term and option periods.

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    About NNN Properties Group

    The KW Commercial Triple Net (“NNN”) Properties Group is a vertically integrated commercial real estate advisor specializing in the development, acquisition, disposition and leasing of single and multi-tenant net lease investment properties located in dynamic metropolitan markets nationwide. The NNN Properties Group provides a full range of brokerage and advisory services to a substantial and diversified client base, including high net worth individuals, developers, partnerships and investment funds.

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