Kokomo, IN 46902

Panera Ground Lease

Property Address

1941 South Reed Road, Kokomo, IN, USA

Offering Summary

  • Price: $2,425,000
  • Lot Size: .72 Acres
  • Cap Rate: 5.40%
  • Year Built: 2003
  • Building SF: 4,900
  • Status: Available
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  • 10 Years Remaining with Increases Every 2 Years, Tenant Recently Extended the Lease Early
  • Absolute NNN Ground Lease with No Landlord Responsibilities
  • Corporate Guaranty, 4,000+ Locations in 48 States
  • JAB Holding Acquired Panera in 2017 for $7.5 Billion
  • 19-Year Operating History at this Location, Proven Concept in the Trade Area
  • High-Quality Construction with a Drive-Thru and Curbside Pickup, Drive-Thru Locations Generate 30%-60% Higher Sales
  • Average Unit-Level Sales for Panera Exceed $2.62 Million
  • Serving a Large Trade Area of Over 100,000 Residents, 57 Miles North of Downtown Indianapolis
  • Adjacent to Chrysler's 3.1 Million SF Transmission Plant with 4,031 Employees, Chrysler Recently Invested $400 Million to Transform Plant

Broker Information