Panera Bread
Single-Tenant Offerings
Panera Bread
NWC of NE Victoria & North Douglas St.
Lee's Summit (Kansas City MSA), MO
- Price:
- $2,500,000
- Cap Rate:
- 5.56%
- NOI:
- $139,042
- Rentable SQFT:
- 3,500 SF
- Year Built:
- 2023
- Lot Size:
- 1.27 +/- Acres
- Lease Type:
- Absolute NNN
- Status:
- Under Contract
Investment Highlights
- 10-Year Absolute NNN Lease with 10% Increases Every 5 Years
- Relocation of High-Performing Inline Store Across the Street, Proven Concept in Trade Area
- Store Operated by Flynn Restaurant Group, Over 2,400 Locations and $4.2 Billion in Annual Sales
- Largest Franchisee in the U.S. and 3rd Largest Restaurant Operator in the U.S. Behind Starbucks and Chipotle
- Strong Financials, Lease Guaranteed by Pan Kansas, LLC with 37+ Locations
- Brand New High-Quality Construction with a Drive-Thru, Largest Panera Prototype
- Serving Over 100,000 Residents in a Rapidly Growing Trade Area
- One of the Fastest Growing and Most Affluent Communities in the Kansas City MSA
- Average Household Income Exceeds $92,000 within 1 Mile and $97,000 within 3 Miles
- Hard Corner Location at Signalized Intersection with 30,000 Cars/Day
- Easy Access to I-470 with 72,000 Cars/Day, Connects to Downtown Kansas City
- Strategic Location, Adjacent to St. Luke’s East Hospital Campus (12,000 Employees), $52 Million Expansion Underway
- Close Proximity to New 781,000 SF Class-A Industrial Development on 75 Acres (Lee’s Summit Commerce Center)
- Strong Daytime Population, Over 36,000 Employees in the Primary Trade Area
- Surrounded by Several K-12 Schools with More Than 9,000 Students
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