Panera Bread Corporate 2950 James Sanders Blvd 4,856 SF Retail Building Paducah, KY 42001 $2,348,635 CAD ($483.66 CAD/SF) 5.18% Cap Rate

Paine Restaurant Group at Marcus & Millichap is pleased to offer for sale Corporate Panera Bread located at 2950 James Sanders Boulevard in Paducah, Kentucky. The property features a recently renewed ground lease with five years remaining, providing stable near-term cash flow. The lease includes 10 percent rental escalations every five years and three additional five-year renewal options, ensuring strong long-term income potential. The property offers excellent visibility and accessibility from US-60, which sees nearly 22,707 vehicles per day, and is located just off Interstate 24, a major transit corridor with an average daily traffic count of nearly 22,264 vehicles.
Situated at the confluence of the Ohio and Tennessee Rivers in Western Kentucky, Paducah is the economic and cultural heart of the Jackson Purchase region. As a retail focal point in Western Kentucky, Paducah attracts shoppers from multiple neighboring counties, driven by the city's retail infrastructure, cultural amenities, and logistical accessibility. The surrounding trade area includes both a strong daytime employment base and a growing residential population, generating consistent traffic to the property from a diverse customer base. Strategically positioned within Paducah’s dominant retail corridor, the property sits directly across from Kentucky Oaks Mall, the region’s premier shopping destination. It shares a shopping center with top-performing national retailers such as Academy Sports, Dollar Tree, PetSmart, and Crumbl Cookies, with nearby restaurant anchors such as Texas Roadhouse, Buffalo Wild Wings, Cheddar’s, IHOP, and Arby’s. This concentration of well-known tenants enhances cross-shopping activity and strengthens the overall market positioning of the property.