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2820 E Germann Rd
Chandler, AZ 85286
Panera Bread · Retail Property For Sale
Investment Highlights
- Long-Term NNN Lease
- Established National Tenant
- Premier Chandler Retail Corridor
- Built-In Rental Growth
- Large Signalized Pad Site
- Adjacent To High-Traffic Retail
Executive Summary
Surmount is pleased to present the exclusive listing for a Panera Bread located at 2880 East Germann Road, Chandler, AZ 85286. The site consists of roughly 4,300 rentable square feet of building space on an estimated 1.38-acre parcel of land. Panera Bread is subject to a 15-year Triple Net (NNN) lease, which commenced 7/12/2017. The current annual rent is $137,619 and has scheduled increases of 8.00% Every 5 Years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,300 SF
Building Class
B
Year Built
2017
Price
$3,759,504 CAD
Price Per SF
$874.30 CAD
Cap Rate
5.15%
NOI
$193,630 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.38 AC
Zoning
PAD - PAD
Amenities
- Drive Thru
Property Taxes
| Parcel Number | 303-31-209 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $396,333 CAD |
Property Taxes
Parcel Number
303-31-209
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$396,333 CAD
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