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Panera Bread 921 Nashville Pike 4,286 SF Retail Building Gallatin, TN 37066 $3,076,923 ($717.90/SF) 5.90% Cap Rate
INVESTMENT HIGHLIGHTS
- LEASE TERMS & GUARANTOR – Tenant has ±5 years remaining on the first option with two 5-year options to extend at 10% rental increases
- PROPERTY FEATURES – Drive-thru equipped on ±2.00 acres, built in 2014.
- DENSE RETAIL POCKET – Surrounded by multiple nationally recognized tenants such as Walmart, Zaxby’s, Cracker Barrel, Chick-Fil-a, Starbucks, Kroger
- OWNERSHIP & LEASE TYPE – Fee Simple, NN+, lease (Minimal landlord responsibilities).
- HIGH TRAFFIC COUNT – Over 2 acres off Nashville Pike and Lock Rd, with 30,170+ VPD.
- STRONG DEMOGRAPHICS – Average household income over $101,221 within a 3-mile radius, with retail vacancy at just 3.75%.
EXECUTIVE SUMMARY
Hutt Cooke
License No. 263667 (TN)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Accommodation and Food Services
- -
- $35.71
- Triple Net
- -
Panera began in 1987 as St. Louis Bread Company, a humble community bakery founded with a sourdough starter from San Francisco and a dream of putting a loaf of bread in every arm. While Panera's business has expanded well beyond St. Louis since then, that same sourdough starter is still used in their iconic sourdough bread and the craft of baking bread fresh each day remains at the heart of Panera Bread. Each day their trained bakers fill their bakery shelves with delicious freshly baked cookies, pastries, bagels, and a range of breads from focaccia to classic baguettes. Panera Bread is privately held by JAB Holding Company. Panera Bread is part of Panera Brands, one of the largest fast casual restaurant platforms in the U.S., comprised of Panera Bread®, Caribou Coffee® and Einstein Bros.® Bagels.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Accommodation and Food Services | - | $35.71 | Triple Net | - |
TRAFFIC
| COLLECTION STREET | CROSS STREET | TRAFFIC VOLUME | YEAR | Distance |
|---|---|---|---|---|
| Nashville Pike | Kathy Cir, SW | 28,544 | 2022 | 0.06 mi |
| NASHVILLE PK. | Kathy Cir, SW | 30,049 | 2020 | 0.06 mi |
| LOCK 4 RD - GALLATIN | Hancock St, S | 6,880 | 2019 | 0.25 mi |
| Lock 4 Rd | Hancock St, S | 7,212 | 2022 | 0.25 mi |
| Tulip Poplar Dr | State Hwy109, NW | 23,994 | 2022 | 0.30 mi |
| GALLATIN | State Hwy109, NW | 19,191 | 2019 | 0.30 mi |
| Nashville Pike | Davis Dr, NE | 27,326 | 2022 | 0.31 mi |
| State Rte 109 | Tulip Poplar Dr, SE | 27,055 | 2022 | 0.51 mi |
| HANCOCK ST. | Green Wave Dr, E | 6,887 | 2020 | 0.57 mi |
| Hancock St | Green Wave Dr, E | 6,780 | 2022 | 0.57 mi |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 126I-B-008.00 | Improvements Assessment | $245,680 |
| Land Assessment | $364,000 | Total Assessment | $609,680 |
PROPERTY TAXES
MAP
ADDITIONAL PHOTOS
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