Panera Bread 3506 S Clack St 4,935 SF 4-Star Retail Building Abilene, TX 79606 $7,189,797 CAD ($1,456.90 CAD/SF) 5.25% Cap Rate

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, drive-thru equipped, freestanding, Panera Bread investment property located in Abilene, TX. The tenant signed a new 20-year, corporate-backed lease with 4 (5-year) option periods to extend in December 2020, demonstrating their long-term commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and option periods, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor. Founded in 1987, Panera Bread is among the largest fast casual restaurants with over 2,100 locations across the United States.