Panera Bread
Single-Tenant Offerings
Panera Bread
320 Ed Schmidt Blvd.
Hutto (Austin MSA), TX
- Price:
- $3,991,500
- Cap Rate:
- 4.75%
- NOI:
- $189,600
- Rentable SQFT:
- 2,479 SF
- Year Built:
- 2025
- Lot Size:
- 0.85 +/- Acres
- Lease Type:
- Absolute NNN
- Status:
- Available
Investment Highlights
- 15-Year Absolute NNN Lease with 8% Increases Every 5 Years
- Corporate Guaranty by Panera, LLC, 2,216+ Locations and $6.45 Billion in Revenue
- Average Unit-Level Sales for Panera is Approximately $3.5 Million
- Brand New High-Quality Construction with a Drive-Thru
- Serving Over 109,500 Residents in Rapidly Growing Suburb to Austin, 27 Miles Northeast of Austin
- Hutto is One of the Fastest Growing Cities in the U.S., 63% Population Growth within 3 Miles from 2020-2024
- Surrounded by Several Residential Developments with 6,443 Homes Under Construction
- Average Household Income Exceeds $119,000 in 1 Mile and $129,000 in 3 Miles
- Outparcel to Home Depot and Across from Lowe’s, Regional Retail Hub with High-Performing Stores and Restaurants
- Adjacent to Hutto Crossing, a 1.6 Million SF Class-A Industrial Park with 7 State-of-the-Art Buildings
- Minutes to Samsung’s New $17 Billion Manufacturing Facility, Undergoing $45 Billion Expansion
- Just West of $10 Billion Hutto Mega Tech Center, a 188-Acre Data Center Campus with 2.7+ Million SF of Class-A Industrial Space
- 1/2 Mile to Texas Temple College (1,500+ Students) and Across from Hutto High School (2,133 Students)
- Strong Daytime Population, 52% Job Growth Expected Over the Next 10 Years
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