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Panera Bread 2314 Hillsboro Blvd 2,666 SF Retail Building Manchester, TN 37355 $5,938,564 CAD ($2,227.52 CAD/SF) 5.20% Cap Rate
Executive Summary
Long Term Commitment: Brand new 15 Year absolute NNN lease structure with 3, 5 year options to extend.
Zero Landlord Responsibilities: Tenant operates under an absolute NNN lease structure, ensuring true passive ownership for investors. All expenses—including taxes, insurance, maintenance, and repairs—are fully covered by the tenant, providing stable income throughout the lease term.
Strong Corporate Guarantor: Guaranteed by Panera Bread, a leading national fast-casual restaurant brand with 2,000+ locations nationwide, providing investors with a reliable and stable corporate-backed lease.
Well Situated: Strategically located on Hillsboro blvd with immediate access to the I-24 corridor just 60 miles from Nashville, this Panera Bread capitalizes on high-volume commuter traffic and the explosive seasonal demand from the 80,000+ attendees of the nearby Bonnaroo Music & Arts Festival.
Strong Surrounding Retail: Positioned within a high-traffic retail node anchored by Walmart, Starbucks, Taco Bell, and Chick-fil-A.
Immediate Access from I-24: The site sites at the Hillsboro Blvd exit off I-24 providing access to over 55,000 VPD.
Zero Landlord Responsibilities: Tenant operates under an absolute NNN lease structure, ensuring true passive ownership for investors. All expenses—including taxes, insurance, maintenance, and repairs—are fully covered by the tenant, providing stable income throughout the lease term.
Strong Corporate Guarantor: Guaranteed by Panera Bread, a leading national fast-casual restaurant brand with 2,000+ locations nationwide, providing investors with a reliable and stable corporate-backed lease.
Well Situated: Strategically located on Hillsboro blvd with immediate access to the I-24 corridor just 60 miles from Nashville, this Panera Bread capitalizes on high-volume commuter traffic and the explosive seasonal demand from the 80,000+ attendees of the nearby Bonnaroo Music & Arts Festival.
Strong Surrounding Retail: Positioned within a high-traffic retail node anchored by Walmart, Starbucks, Taco Bell, and Chick-fil-A.
Immediate Access from I-24: The site sites at the Hillsboro Blvd exit off I-24 providing access to over 55,000 VPD.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Retail
Building Size
2,666 SF
Building Class
B
Year Built
2026
Price
$5,938,564 CAD
Price Per SF
$2,227.52 CAD
Cap Rate
5.20%
NOI
$308,805 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.77 AC
Zoning
C2 - Commercial
Frontage
204’ on Hillsboro Boulevard
Amenities
- Corner Lot
- Signage
- Signalized Intersection
- Drive Thru
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 085-022.04 | Improvements Assessment | $573,474 CAD |
| Land Assessment | $433,980 CAD | Total Assessment | $1,007,454 CAD |
Property Taxes
Parcel Number
085-022.04
Land Assessment
$433,980 CAD
Improvements Assessment
$573,474 CAD
Total Assessment
$1,007,454 CAD
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Panera Bread | 2314 Hillsboro Blvd
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