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Panera Bread | 11+yrs Abs NNN w/ Incrs 1605 N Rock Rd 4,950 SF Retail Building Wichita, KS 67206 $4,779,179 CAD ($965.49 CAD/SF) 6% Cap Rate

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Investment Highlights

Over 11 Years Remaining | 7.5% Rental Increases | Franchisee Guaranteed
Strategic Wichita Submarket | Growth & Stability
Wichita Economic Drivers | Major Employment & Education Hub

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Dense Population Base | Strong Demographics
Premier Retail Corridor | High Traffic Counts & Prime Visibility

Executive Summary

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, franchisee guaranteed, Panera Bread investment property located in Wichita, Kansas. The tenant, Panera Bread has over 11 years remaining on there lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 7.5% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Restaurant

Building Size

4,950 SF

Building Class

Year Built/Renovated

1983/2023

Price

$4,779,179 CAD

Price Per SF

$965.49 CAD

Cap Rate

NOI

$286,826 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.14

Lot Size

0.81 AC

Zoning

LC - Limited Commercial

Parking

50 Spaces (10.1 Spaces per 1,000 SF Leased)

Frontage

158’ on S Rock Rd

Pylon Sign

Restaurant

Signage

Drive Thru

Accommodation and Food Services
99,999 SF
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Panera Bread began as a community bakery-café in 1987, built around a sourdough starter and a format that helped shape the fast-casual restaurant segment. Panera Bread serves breakfast, salads, sandwiches, soups, mac & cheese, and baked goods, and also supports online ordering, delivery, catering, and rewards through its digital channels. Panera Bread operates as an American bakery-café chain with a presence across the United States and Canada, and the company continues to refresh its menu and brand offerings while keeping its focus on everyday meals and café service.