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Net Lease Panera

Net Lease Panera Property Profile and Cap Rates

Date March 24, 2018

Net Lease Panera – Typical Lease Terms


Price Range:$2.5M - $4M
Cap Rate:4.90%
Net Income:$125,000 - $225,000
Price Per foot:$500 PSF - $750 PSF
Building Size:4,000 SF - 5,000 SF
Lot Size:1 Acre
Escalations:10% Every 5-Years
Lease Term:15 Years
Lease Type:NN
Credit Rating:NR


Tenant Company Information:

Panera Bread Company, together with its subsidiaries, owns, operates, and franchises retail bakery-cafes. The company operates through three segments: Company Bakery-Cafe Operations, Franchise Operations, and Fresh Dough and Other Product Operations. It operates bakery-cafes under the Panera Bread, Saint Louis Bread Co., and Paradise Bakery & Café names that offer daily baked goods, including freshly baked bagels, breads, muffins, scones, rolls, and sweet goods; made-to-order sandwiches on freshly baked breads; soups; freshly prepared and hand-tossed salads; pasta dishes; and custom roasted coffees and cafe beverages, such as hot or cold espresso and cappuccino drinks and smoothies through on-premise sales, as well as provides catering services. The company also supplies fresh dough, produce, tuna, cream cheese, and proprietary sweet goods items. As of December 27, 2016, it operated 902 company-owned bakery-cafes and 1,134 franchise-operated bakery-cafes in the United States, the District of Columbia, and Ontario.

Panera Bread began in 1981 as Au Bon Pain Company, Incorporated. Founded by Louis Kane and Ron Shaich, the company prospered along the east coast of the United States and internationally throughout the 1980’s and 1990’s and became the dominant operator within the bakery-cafe category.  Panera Bread Company is based in Sunset Hills, Missouri, part of the St. Louis Metropolitan Area.  It is a publicly traded company on the Nasdaq Stock Exchange using the symbol “PNRA”.