Investment Highlights
Brand New 15-Year Lease | Scheduled Rental Increases | Franchisee Guaranteed | Well-Known & Established Brand
Located Along Soncy Road | Centralized Location | Drive-Thru Equipped | Brand New Construction | Excellent Visibility
Direct Residential Consumer Base | Affluent Community |Strong Demographics in 5-Mile Trade Area
Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Major Surrounding Shopping Centers | Strong Tenant Presence | Nearby Attractions | Dense Medical Corridor | Texas Tech University
Executive Summary
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, newly-built, drive-thru equipped Panera Bread investment property located in Amarillo, TX. The tenant recently signed a brand new 15-year lease with 4 (5-year) option periods to extend, demonstrating their long-term commitment to the site. The lease features 8% rental increases every 5 years throughout the initial term and option periods, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor. Founded in 1987, Panera Bread is among the largest fast casual restaurants with over 2,000 locations across the United States.
