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Panera 795 Jefferson Rd 4,600 SF Retail Building Rochester, NY 14623 $6,135,261 CAD ($1,333.75 CAD/SF) 5.50% Cap Rate
Investment Highlights
- Corporate Panera Bread; a leading fast casual concept with over 2,100 locations.
- Brand New, high quality construction Panera with a 13 year initial term, 10% increases every 5 years and limited landlord responsibilities
- Highly visible site with multiple points of access and over 29,900 vehicles per day along Jefferson Road
Executive Summary
Outparcel of a new Hobby Lobby, along a dense retail corridor; area retailers include Home Depot, PetSmart, Chick-Fil-A, Aldi, Burlington, and Dick’s Sporting Goods.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,600 SF
Building Class
B
Year Built
2024
Price
$6,135,261 CAD
Price Per SF
$1,333.75 CAD
Cap Rate
5.50%
NOI
$337,439 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
12.15 AC
Zoning
C-3 - Regional Business District
Amenities
- Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 263200 162.09-1-3.114 | Improvements Assessment | $2,313,988 CAD |
| Land Assessment | $433,953 CAD | Total Assessment | $2,747,941 CAD |
Property Taxes
Parcel Number
263200 162.09-1-3.114
Land Assessment
$433,953 CAD
Improvements Assessment
$2,313,988 CAD
Total Assessment
$2,747,941 CAD
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Panera | 795 Jefferson Rd
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