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Panera Bread & Mattress Firm | Minot, ND 1807 22nd Ave SW 8,114 SF 100% Leased Retail Building Minot, ND 58701 $5,388,251 CAD ($664.07 CAD/SF) 7% Cap Rate



INVESTMENT HIGHLIGHTS
- Two-Tenant Drive-Thru Investment; Pad to Hobby Lobby and Kohl’s
- Panera Bread Reports Extremely Strong Sales at This Location (Contact Agent for Details)
- Franchisee NNN lease (North Dakota Mattress Ventures, LLC) – Approximately a 9-Unit Guaranty
- Corporate Panera Bread (w/ Drive-Thru): Over 8 years remaining on a new 10-year NNN lease extension
- Mattress Firm: Over 6 years remaining after an early 5-year lease extension
- Large Freeway Visible Pylon Sign Providing Excellent Visibility
EXECUTIVE SUMMARY
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
For the past 90 years, Mattress Firm and their family of companies have been delivering better sleep by matching customers with their perfect mattress at the perfect price. What started as a few stores has grown into America’s largest specialty mattress store, with thousands of neighborhood stores nationwide. Each Sleep Expert® begins their career with 80 hours of training. But training can only go so far, and that’s where Mattress Firm is different. They believe the best way to guarantee unparalleled service to customers worldwide is to have happy, inspired employees. They have built a culture where people love to come to work and always wake up on the right side of the bed.
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 | |
|
Retailer | 3,004 SF | - | Triple Net | Oct 2031 | |
|
Accommodation and Food Services | 5,110 SF | - | Triple Net | Dec 2033 |
NEARBY MAJOR RETAILERS
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Panera Bread & Mattress Firm | Minot, ND | 1807 22nd Ave SW
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