Panera Bread

Panera Bread Wayne

Panera Westland
PANERA BREAD
Wayne County, MI

PRICE $2,931,000
GLA 5,125 SF
PROPERTY TYPE Retail
CAP RATE 5.50%
LEASE TYPE NNN
LEASE EXPIRATION Dec. 2021
YEAR BUILT n/a
DEMOGRAPHICS
Total Population
1 – mi. – 18,255
3 – mi. – 99,434
5 – mi. – 280,236
More info in the flyer

INVESTMENT HIGHLIGHTS

  • There are three, five-year renewal options with rental increases every five years, and they are currently in their first option period.
  • Traffic count of 120,000 vehicles per day.
  • National surrounding retailers include Sears, Kohl’ s, JCPenney, Target, Bed Bath & Beyond, Planet Fitness, Best Buy, Office Max, CVS, Longhorn Steakhouse, Buffalo Wild Wings, Tim Horton’ s, Bank of America and many more.
  • The company operates or franchises more than 1900 Panera Bread bakery-cafés in 46 states and 20 facilities that deliver fresh dough to the bakery-cafés every day.

City:Wayne County
State:MI
Square Feet:5,125 SF
Price:$2,931,000
Cap Rate:5.50%

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