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Lehi Pointe Panera 2204 Hudson Ave 3,844 SF Retail Building Lehi, UT 84043 $6,147,632 CAD ($1,599.28 CAD/SF) 5.15% Cap Rate
INVESTMENT HIGHLIGHTS
- I-15 and Timpanogos Highway Frontage
- Proximity to major developments
EXECUTIVE SUMMARY
This brand new Panera Bread in Lehi, Utah is backed by a 10-year NNN lease with 10% rent increases every five years and three five-year renewal options. The tenant, American Bread Company, is a well-established 45-unit Panera franchisee with strong operational experience. The 3,844 SF building includes a full drive-thru and sits on a 1.17-acre hard-corner parcel with signalized access and direct I-15 frontage, seeing over 200,000 vehicles per day. Positioned in a high-performing retail corridor alongside Chick-fil-A, Starbucks, Harmons, and Traverse Mountain Outlets, the site benefits from exceptional visibility and traffic. Located within Utah’s Silicon Slopes—one of the fastest-growing tech corridors in the country—this investment is supported by strong demographics, including a median household income exceeding $128,000, and ongoing residential and commercial development. This offering presents a stable, passive income opportunity in a prime, growth-oriented market.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,844 SF
Building Class
B
Year Built
2025
Price
$6,147,632 CAD
Price Per SF
$1,599.28 CAD
Cap Rate
5.15%
NOI
$316,589 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.17 AC
Zoning
C - Commercial Zone
Parking
30 Spaces (7.8 Spaces per 1,000 SF Leased)
Frontage
160’ on Hudson Avenue
AMENITIES
- Drive Thru
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Panera Bread
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Panera Bread | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 67-185-0103 | Improvements Assessment | $244,102 CAD |
| Land Assessment | $2,214,066 CAD | Total Assessment | $2,458,168 CAD |
PROPERTY TAXES
Parcel Number
67-185-0103
Land Assessment
$2,214,066 CAD
Improvements Assessment
$244,102 CAD
Total Assessment
$2,458,168 CAD
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Lehi Pointe Panera | 2204 Hudson Ave
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