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Hutto, TX (Austin MSA) 78634
Panera Bread
Property Address
320 Ed Schmidt Boulevard, Hutto, TX, USA
Offering Summary
Price:
$3,991,500
Lot Size:
0.85 Acres
Cap Rate:
4.75%
Year Built:
2025
Building SF:
2,479
Status:
Available
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Principal
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15-Year Absolute NNN Lease with 8% Increases Every 5 Years
Corporate Guaranty by Panera, LLC, 2,216+ Locations and $6.45 Billion in Revenue
Average Unit-Level Sales for Panera is Approximately $3.5 Million
Brand New High-Quality Construction with a Drive-Thru
Serving Over 109,500 Residents in Rapidly Growing Suburb to Austin, 27 Miles Northeast of Austin
Hutto is One of the Fastest Growing Cities in the U.S., 63% Population Growth within 3 Miles from 2020-2024
Surrounded by Several Residential Developments with 6,443 Homes Under Construction
Average Household Income Exceeds $119,000 in 1 Mile and $129,000 in 3 Miles
Broker Information
Mark Ruble
Agent
Phone Number:
602.687.6766
mruble@marcusmillichap.com
Chris Lind
Agent
Phone Number:
602.687.6780
chris.lind@marcusmillichap.com
Zack House
Agent
Phone Number:
602.687.6650
zhouse@marcusmillichap.com
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