Panera Bread | New 15yr Corp Abs NNN | DrThru 5559 W Sunset Ave

5559 W Sunset Ave , Springdale, Arkansas, 72762 | 3,200 sq.f | $ 3,881,000

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About This Restaurant

Investment Highlights

Brand New 15-Year Lease | Scheduled Rental Increases | Corporate Signed Lease | Well-Known & Established Tenant Fronting Highway 412 | Surrounding National/Credit Tenants |Off Interstate 49 | Drive-Thru Equipped | Nearby Hospital Direct Residential Consumer Base | Affluent Community |Strong Demographics in 5-Mile Trade Area Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities Surrounding New Development | Single & Multifamily Units |New Walmart Headquarters | University of Arkansas (Fayetteville)

Executive Summary

? Brand new 15-year lease with 3 (5-year) options to extend, demonstrating their long-term commitment to the site? The lease features 8% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation? The lease is signed by Panera, LLC, a subsidiary of the corporate entity? Panera Bread, which was acquired by JAC Holding Company in 2017, is a leading quick-casual restaurant brand with over 2,180 locationsBAILEY BENSONDirector, Brokerage Operations Sage Real Estate Solutions, LLC bbenson@sagepartners.comD: 479.845.3021 | M: 479.871.6160 5100 W. JB Hunt Drive, Suite 800 Rogers, AR 72758AR License No. SA00072817

Property Details

  • Sale Type    Investment NNN
  • Property Type    Retail
  • Property Subtype    Restaurant Restaurant General Retail Freestanding Restaurant
  • Building Size    3,200
  • Building Class    B
  • Year Built    2024
  • Construction Status    Under Construction
  • Price    3,881,000
  • Price Per SF    1,213
  • Cap Rate    5.03
  • NOI    195,214
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.05
  • Land Acres    1.47 AC

Nearby Amenities & Transportation

Retail Rib Crib
Retail Waffle House
Retail Hawaiian Bros Island Grill
Retail Denny's
Retail Cracker Barrel Old Country Store
Retail CrossFit540
Retail Starbucks
Retail Applebee's
Retail Planet Fitness
Retail Arvest Bank

Property Taxes

Parcel Number 815-39748-000 Improvements Assessment $72,520
Land Assessment $0 Total Assessment $72,520
Date Created: 2024-07-16 04:09:19 Last Updated: 2024-07-16 04:09:19
Address: 5559 W Sunset Ave , Springdale, Arkansas, 72762