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NNN Freestanding Panera Bread | Duncan, SC 1664 E Main St 2,600 SF Retail Building Duncan, SC 29334 $5,061,404 CAD ($1,946.69 CAD/SF) 5.15% Cap Rate
Investment Highlights
- POSITIONED ALONG I-85 CORRIDOR
- HIGH-GROWTH MSA
- IMMEDIATE NEARBY MARKET DRIVERS
Executive Summary
ATTRACTIVE LEASE FUNDAMENTALS
- 8% rent increase every 5 years and during option periods - Absolute NNN providing no Landlord Responsibilities
- 15 Year Lease with three (3) five-year option periods
STRONG CORPORATE GUARANTEE
- Corporate Guarantee from Panera, LLC
- JAB Holdings acquired Panera, LLC in 2017 for $7.5 billion dollars
- There are over 2,200 Panera Bread locations operating across the United States and Canada
NEW CONSTRUCTION
- The site is set to open in 2026, and the property is the tenant's newest prototype which includes a drive-thru
- Site is located in a market where retail vacancy within a mile is below 1%
POSITIONED ALONG I-85 CORRIDOR
- Positioned on E Main St (SC-290), a primary east-west commercial artery directly connecting Duncan to the I-85 interchange, one of the Southeast's most heavily traveled freight and commuter corridors
IMMEDIATE NEARBY MARKET DRIVERS
- Sits within 8 miles of Spartanburg, 10 miles of Greer, and 20 miles of Greenville, capturing consumer demand from the entire northern Greenville-Spartanburg MSA
HIGH-GROWTH MSA
- Spartanburg County is among the fastest-growing counties in SC
- Spartanburg County grew ~12% from 2010–2020
- The world's largest BMW manufacturing plant by volume is located in Greer, SC
- 8% rent increase every 5 years and during option periods - Absolute NNN providing no Landlord Responsibilities
- 15 Year Lease with three (3) five-year option periods
STRONG CORPORATE GUARANTEE
- Corporate Guarantee from Panera, LLC
- JAB Holdings acquired Panera, LLC in 2017 for $7.5 billion dollars
- There are over 2,200 Panera Bread locations operating across the United States and Canada
NEW CONSTRUCTION
- The site is set to open in 2026, and the property is the tenant's newest prototype which includes a drive-thru
- Site is located in a market where retail vacancy within a mile is below 1%
POSITIONED ALONG I-85 CORRIDOR
- Positioned on E Main St (SC-290), a primary east-west commercial artery directly connecting Duncan to the I-85 interchange, one of the Southeast's most heavily traveled freight and commuter corridors
IMMEDIATE NEARBY MARKET DRIVERS
- Sits within 8 miles of Spartanburg, 10 miles of Greer, and 20 miles of Greenville, capturing consumer demand from the entire northern Greenville-Spartanburg MSA
HIGH-GROWTH MSA
- Spartanburg County is among the fastest-growing counties in SC
- Spartanburg County grew ~12% from 2010–2020
- The world's largest BMW manufacturing plant by volume is located in Greer, SC
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,600 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$5,061,404 CAD
Price Per SF
$1,946.69 CAD
Cap Rate
5.15%
NOI
$260,663 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.87 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Panera Bread
- -
- 2,600 SF
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Panera Bread | - | 2,600 SF | - | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5-26-00-003.02 | Improvements Assessment | $0 CAD |
| Land Assessment | $39,143 CAD | Total Assessment | $39,143 CAD |
Property Taxes
Parcel Number
5-26-00-003.02
Land Assessment
$39,143 CAD
Improvements Assessment
$0 CAD
Total Assessment
$39,143 CAD
Contacts
-
David Hoppe -
Eric Suffoletto -
Mike Lucier -
Ben Olmstead -
Ben McCarter -
Connor Kuchman -
Atlantic Capital Partners
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NNN Freestanding Panera Bread | Duncan, SC | 1664 E Main St
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