Net Lease Panda Express Profile and Cap Rates Date August 29, 2018
NET LEASE PANDA EXPRESS PROPERTY PROFILE AND CAP Rate
|Price Range:||$1.8 - $2.6 mm|
|Net Income:||$60,000 - $100,000|
|Price Per foot:||$700 PSF|
|Building Size:||2,000 - 3,500 SF|
|Lot Size:||0.5 - 1 Acre|
|Lease Term:||20 Years|
|Lease Type:||Ground Lease|
Panda Express Company Profile
Panda Express is a fast casual restaurant chain which serves American Chinese cuisine. With approximately 2,000+ locations, it is the largest Asian segment restaurant chain in the United States, where it was founded and is mainly located (in addition to other countries and territories in North America and Asia). Panda Express restaurants were traditionally located in shopping mall food courts, but the chain now operates units in many other environments and formats, including stand-alone restaurants, as well as universities, casinos, airports, military bases, amusement parks and other venues.
A typical Panda Express meal: Kung Pao chicken, orange chicken, chow mein and steamed vegetables. The chain offers a variety of Chinese-cuisine-inspired dishes (e.g., Orange Chicken; Firecracker Chicken Breast; Beijing Beef; Grilled Teriyaki Chicken; Kung Pao Chicken). “Combo meals” are served with customer’s choice of either fried rice, steamed rice, chow mein, or mixed vegetables. No MSG is added to any of the items at Panda Express after it has been delivered to the restaurant, nor does Panda Express purchase from any suppliers who add MSG.
Panda Express is headquartered in Rosemead, California. The Panda Express brand is a casual, fast-food variation of corporate sibling Panda Inn (a chain of upscale, table service restaurants).Back