Panera Bread, Wichita Falls, Texas

3812 Kemp Blvd no-imageVIEW MAP

Property Information

Price: $4,000,000

Cap Rate: 4.75%
NOI: $190,000
Lease Term: 15 Years
Lease Type: Absolute NNN Lease
Building Size: Approximately 4,380 Square Feet
Year Built: 2021
Status: Available
Lead Broker Information:

Randy Bell


Property Description

Investment Highlights

  • Brand New 15 Year Absolute NNN Lease – Stable Cash Flow Asset – Zero Landlord Responsibilities – Four (5-Year) Options to Renew
  • 10% Rent Increases Every 5 Years Throughout the Initial Term and Option Periods, Providing a Strong Hedge Against Inflation
  • Best in Class Tenant – Panera Bread is a Leading Fast-Casual Restaurant Chain Founded in 1987 That Operates More Than 2,200 Locations in 47 States and The District of Columbia
  • New Construction, Pride of Ownership Asset Featuring Panera Bread’s Latest Prototype Design – a Modern and Aesthetically Pleasing Property
  • Strategically Located in an Extremely Strong Trade Area Containing Over 6.5 Million Square Feet of Retail and Restaurant Space
  • Densely Populated, Infill Location with Excellent Demographics – Over 86,750 People in a 5-Mile Radius with Average Household Income Exceeding $68,925
  • High Traffic Location – Over 26,300 Vehicles Per Day on Kemp Blvd and Over 59,500 Vehicles Per Day on nearby US-277 – also known as Kell W. Blvd
  • Strategically Positioned in a High Barrier to Entry Market Near the 670,000 Square Foot Sikes Senter Mall Drawing Visitors from 19 Counties Within a 60-Mile Radius
  • Situated Less Than 1 Mile from Midwestern State University with Over 5,800 Students Enrolled and 1,200 Faculty Members
  • Approximately 3.5 Miles from the 325 Bed United Regional Health Care Hospital with Over 2,100 Staff Members and Physicians and More Than $357 Million in Total Patient Revenue in 2020
  • Within a 5-Mile Radius of 20 Primary and Grade Schools That Have More Than 11,300 Combined Students and Faculty
  • Situated Less Than 4 Miles from the 50 Bed Kell West Regional Hospital with Over 315 Staff Members and Physicians and More Than $102 Million in Total Patient Revenue in 2020
  • Over 5.8 Million Square Feet of Industrial and Office Space in a 5-Mile Radius of the Property, Resulting in a High Daytime Population of More Than 49,500 Employees
  • Texas is an Income Tax Free State with a Strong Economy, Providing an Ideal Location for a 1031 Exchange Asset