Investment Highlights
Single-Tenant Corporate Panera Bread with Drive-Thru: Absolute NNN ground lease; New 15-year lease with 10% rental increases every 5 years
Approximately 65% of all business for QSR come through a drive-thru, the average Panera stores sales are 30% greater in location with a drive-thru
Directly Across the Street from Montclair Place, a 1.2-Million-Square-Foot Regional Retail Destination Featuring Tenants such as JCPenney, Macy?s, AMC
Rare Drive-Thru Panera Bread location in the region; the property is projected to be an above average performing store in the chain
Pad to Top-Performing Target Anchored Center: Target (top 15% nationwide, per Placer.ai); Gold?s Gym (top 10% nationwide, per Placer.ai)
Irreplaceable High-Traffic Location: Ideal location along Moreno St in Montclair, at the intersection of Central Ave and Moreno St; 52,000 CPD
Executive Summary
15-Year Corporate Absolute NNN Ground Lease | Across from Recently Renovated Regional Mall (6.2M Annual Visitors) | Regional Retail Destination
