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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

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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

Two-Tenant Drive-Thru Investment | New 10-Year Lease Extension with Panera Bread | Early 5-Year Extension with Mattress Firm | Extremely Strong Sales | Signalized Intersection (33,500 CPD)

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,114 SF
Building Class
B
Year Built
2014
Price
$5,388,251 CAD
Price Per SF
$664.07 CAD
Cap Rate
7%
NOI
$377,178 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
1.07 AC
Zoning
C - Commercial
Parking
50 Spaces (6.16 Spaces per 1,000 SF Leased)
Frontage
116’ on 22nd Ave SW

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Retailer
  • 3,004 SF
  • -
  • Triple Net
  • Oct 2031

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.

  • Accommodation and Food Services
  • 5,110 SF
  • -
  • Triple Net
  • Dec 2033

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

Starbucks
Applebee's
LongHorn Steakhouse
Cash Wise
Five Guys
Leeann Chin
Olive Garden
Buffalo Wings & Rings
Caribou Coffee
CrossFit
  • Listing ID: 38010818

  • Date on Market: 2025-10-09

  • Last Updated:

  • Address: 1807 22nd Ave SW, Minot, ND 58701

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