Westfield, IN 46074

Panera Bread

Property Address

222 East 175th Street, Westfield, IN, USA

Offering Summary

  • Price: $4,909,000
  • Lot Size: 2.23 Acres
  • Cap Rate: 5.15%
  • Year Built: 2026
  • Building SF: 3,200
  • Status: Available
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  • 15-Year Absolute NNN Lease with 8% Increases Every 5 Years
  • Corporate Guaranty by Panera, LLC (2,239+ Locations and $6.12 Billion in Revenue)
  • Average Unit-Level Sales for Panera are Approximately $3.3 Million
  • Brand New High-Quality Construction, Modern Prototype Design with a Drive-Thru
  • Serving Over 112,000 Residents in Rapidly Growing Suburb to Indianapolis
  • Westfield is One of the Fastest Growing Cities in the U.S., 35%+ Population Growth Since 2020
  • Surrounded by Several Residential Developments with 8,800 New Homes
  • Average Household Income Exceeds $150,000 within 1 and 3 Miles and $162,000 within 5 Miles

Broker Information