Corporate Panera (Trophy Location)

Corporate Panera (Trophy Location)

Rockwall, TX

Rockwall, TX

Corporate Panera (Trophy Location)

Marcus & Millichap is pleased to present the opportunity to acquire a ground lease Panera Bread in Rockwall, TX. The property consists of a 4,487-square-foot, freestanding building that sits on approximately 0.93 acres of land. There are 11.3 years remaining on the lease with 10% rental increases every five years.

Price $4,380,000
Cap Rate 5.25%
Building Size 4,487 sqft
Lot Size 0.93 acres
Year Built 2017
Offering Memorandum

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633

Jake Stammen

Associate Director
(972) 755-5209
jake.stammen@marcusmillichap.com
License: TX 767420
FINANCING TEAM

Duke Dennis

Director
(817) 932-6172

 

  • Corporate Ground Lease – 11.3 Years Remaining With 10 Percent Rental Increases Every Five Years
  • Signalized Hard Corner at Ridge Road and Interstate 30 (116,135 VPD) with a Drive-Thru
  • Affluent Trade Area – Average Household Income of $152,000 Within Five Miles
  • 11-Car Drive-Thru Stack Accommodating Strong Peak-Hour Volume
  • Strong Population Base of 107,900 Residents Within Five Miles – Projected to Grow Nearly 10 Percent by 2029
  • Dominant Retail Corridor Anchored by Walmart, Target, Lowe’s, and Other National Credit Tenants
  • Proximity to Major Retail Centers and Educational Anchors

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633

Jake Stammen

Associate Director
(972) 755-5209
jake.stammen@marcusmillichap.com
License: TX 767420
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