Panera Bread 3131 Poplar Level Rd 4 250 pi² Commerce de détail Immeuble Louisville, KY 40213 6 112 568 $ CAD (1 438,25 $ CAD/pi²) 5,70% Taux de capitalisation

The Boulder Group is pleased to exclusively market for sale a single tenant ground leased Panera Bread property located in Louisville, Kentucky. Panera has successfully operated at this location since 2006 and extended the lease in 2018, demonstrating their long-term commitment to the site. The current lease extends through December 2031 and includes two ?ve-year renewal options, each with a 10% rental escalation. Additionally, Panera will be performing a refresh on the building in the coming months.
The 4,250-square-foot Panera is strategically positioned along Poplar Level Road, a major Louisville thoroughfare with traffic counts exceeding 30,700 vehicles per day. The property is within walking distance of Norton Audubon Hospital, further enhancing daytime population and demand. Nearby demand drivers include Bellarmine University (2,800 students), Saint Xavier High School (1,300+ students), Audubon Country Club, and the Louisville International Airport. The area is home to over 265,000 residents within a ?ve-mile radius, with an average household income exceeding $97,000 within one mile. National retailers in the immediate vicinity include CVS, McDonald’s, Chili’s, Taco Bell, Dairy Queen, Strickland Brothers, and more.
Panera Bread, founded in 1987 as the St. Louis Bread Company, is a leading bakery-café chain in the United States, renowned for its commitment to fresh, high-quality ingredients and a warm, inviting atmosphere. Headquartered in St. Louis, Missouri, the company rebranded to Panera Bread in 1997 and has since grown to over 2,000 locations nationwide. Panera is celebrated for its artisan breads, made-from-scratch soups, salads, sandwiches, and signature baked goods, all crafted with a focus on clean ingredients free from artificial flavors, sweeteners, and preservatives. The company’s mission to provide food as it should has resonated with customers, fostering a loyal following through its emphasis on wholesome, flavorful offerings and community-focused dining experiences.