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1811 E Main St
Spartanburg, SC 29307
Panera Bread Ground Lease · Retail Property For Sale
Investment Highlights
- Relocation Panera Bread Ground Lease | Demonstrating Long-Term Commitment/Upgraded Real Estate Positioning
- Scheduled 10% Rent Increases Every Five Years Enhancing Forward Yield | Next Increase Effective 12/31/2029
- Outparcel To Dominant Retail Corridor – Hard Corner Signalized Intersection Location Positioned Along E. Main Street (27,100+ VPD)
- Just Under 9 Years Remaining | Absolute NNN Ground Lease – Long-Term Passive Income Stream With Zero Landlord Responsibilities
- Corporate Backed Lease – Panera, LLC – 2,200+ Locations
- Modern 4,300 SF Prototype On 1.56 Acres – Ample Parking, Drive-Thru Equipped, Strong Visibility, And Contemporary Store Design
Executive Summary
Relocation Panera Bread Ground Lease | Demonstrating Long-Term Commitment/Upgraded Real Estate Positioning
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
4,300 SF
Building Class
B
Year Built
1998
Price
$3,891,059 CAD
Price Per SF
$904.90 CAD
Cap Rate
5%
NOI
$194,553 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.56 AC
Zoning
Commercial
Parking
65 Spaces (15.12 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Number | 7-09-14-101.00 | Improvements Assessment | $129,444 CAD |
| Land Assessment | $78,171 CAD | Total Assessment | $207,615 CAD |
Property Taxes
Parcel Number
7-09-14-101.00
Land Assessment
$78,171 CAD
Improvements Assessment
$129,444 CAD
Total Assessment
$207,615 CAD
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