About This Restaurant
Investment Highlights
Long-Term, 15-Year Double-Net (NN) Lease | Roof Warranty In Place Approximately 13.75 Years Remaining Extremely Strong Sales | Ranked in the 92nd Percentile Nationally & 90th Percentile in CT on Placer.ai* (Contact Listing Agent for More Info)
Executive Summary
NNN Pro Group is pleased to present the exclusive listing for a Panera Bread located at 205 Monroe Turnpike in Monroe, CT. The site consists of roughly 3,482 rentable square feet of building space on estimated 1.85-acre parcel of land. This Panera Bread is subject to a 15-year double-net (NN) lease, which commenced December 31, 2022. The new Aldi next door can also be acquired from the same seller, see P.14 for more info!
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Restaurant
- Building Size 3,482
- Building Class B
- Year Built 2025
- Construction Status Under Construction
- Price 3,369,790
- Price Per SF 968
- Cap Rate 4.75
- NOI 160,065
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.04
- Land Acres 1.85 AC
| Date Created: | 2024-07-16 04:09:27 | Last Updated: | 2024-07-16 04:09:27 |
| Address: | 205 Tpke , Monroe, Connecticut, 06468 | ||