{"id":1666,"date":"2020-08-29T20:18:13","date_gmt":"2020-08-29T20:18:13","guid":{"rendered":"https:\/\/www.bouldergroup.com\/blog\/?p=1666"},"modified":"2020-10-07T14:33:25","modified_gmt":"2020-10-07T14:33:25","slug":"net-lease-panda-express","status":"publish","type":"post","link":"https:\/\/www.bouldergroup.com\/blog\/net-lease-panda-express\/","title":{"rendered":"Net Lease Panda Express Profile and Cap Rates"},"content":{"rendered":"

NET LEASE PANDA EXPRESS PROPERTY PROFILE AND CAP <\/strong>Rate<\/h4>\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t
Price Range:<\/th> $1.8 - $2.6 mm<\/th>\n<\/tr>\n<\/thead>\n
Cap Rate:<\/td>4.50-5.00%<\/td>\n<\/tr>\n
Net Income:<\/td>$60,000 - $100,000<\/td>\n<\/tr>\n
Price Per foot:<\/td>$700 PSF<\/td>\n<\/tr>\n
Building Size:<\/td>2,000 - 3,500 SF<\/td>\n<\/tr>\n
Lot Size:<\/td>0.5 - 1 Acre<\/td>\n<\/tr>\n
Escalations:<\/td>Various<\/td>\n<\/tr>\n
Lease Term:<\/td>20 Years<\/td>\n<\/tr>\n
Lease Type:<\/td>Ground Lease<\/td>\n<\/tr>\n
Credit Rating:<\/td>Private<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

 <\/p>\n

Panda Express Company\u00a0Profile<\/p>\n

Panda Restaurant Group, Inc., parent company of Panda Inn, Panda Express and Hibachi-San, was founded by Andrew and Peggy Tsiang Cherng [4] and Andrew’s father, Master Chef Ming-Tsai Cherng, the family originating in the Yangzhou region of China’s Jiangsu province. They started their first Panda Inn restaurant in 1973 in Pasadena, California. Ten years later a developer of the Glandale Galleria, who was a patron of Panda Inn, asked Andrew to start a fast-service version of his restaurant in the new mall. In 1985 the store went from five locations to nine in just one year.[5]<\/p>\n

The group has its headquarters in Rosemead, California.[6] Panda Express in the largest Asian-American restaurant chain in the United States,[5] with 2,200 branches. In 2019 Panda Express opened its first branch in Manila, Philippines, as a joint venture between the Panda Restaurant Group and Jollibee Foods Corp., JBPX Foods.[7][8]<\/p>\n

Andrew Cherng, age 70, and his wife Peggy Tsiang Cherng met at Baker University in Baldwin City, Kansas.[9] Peggy Cherng went on to receive her B.S. degree in Mathematics from Oregon State University in 1971 and a Ph.D. in Electrical Engineering from the University of Missouri.[6]The company debuted on Forbes’ 2016 edition of America’s Largest Private Companies[10]<\/p>\n

The Cherngs invest their personal wealth out of their family office, the Cherng Family Trust<\/p>\n","protected":false},"excerpt":{"rendered":"

NET LEASE PANDA EXPRESS PROPERTY PROFILE AND CAP Rate   Panda Express Company\u00a0Profile Panda Restaurant Group, Inc., parent company of Panda Inn, Panda Express and Hibachi-San, was founded by Andrew and Peggy Tsiang Cherng [4] and Andrew’s father, Master Chef Ming-Tsai Cherng, the family originating in the Yangzhou region of China’s Jiangsu province. They started […]<\/p>\n","protected":false},"author":3,"featured_media":1667,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[167],"tags":[394],"class_list":["post-1666","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tenant-profiles","tag-net-lease-panda-express"],"yoast_head":"\nNet Lease Panda Express Profile and Cap Rates - The Boulder Group<\/title>\n<meta name=\"description\" content=\"NET LEASE PANDA EXPRESS PROPERTY PROFILE AND CAP Rate\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bouldergroup.com\/blog\/net-lease-panda-express\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Net Lease Panda Express Profile and Cap Rates - The Boulder Group\" \/>\n<meta property=\"og:description\" content=\"NET LEASE PANDA EXPRESS PROPERTY PROFILE AND CAP Rate\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bouldergroup.com\/blog\/net-lease-panda-express\/\" \/>\n<meta property=\"og:site_name\" content=\"The Boulder Group\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/BoulderGroup\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-08-29T20:18:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-10-07T14:33:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.bouldergroup.com\/blog\/wp-content\/uploads\/2018\/08\/Panda-Express.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Randy B.\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@thebouldergroup\" \/>\n<meta name=\"twitter:site\" content=\"@thebouldergroup\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Randy B.\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.bouldergroup.com\\\/blog\\\/net-lease-panda-express\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bouldergroup.com\\\/blog\\\/net-lease-panda-express\\\/\"},\"author\":{\"name\":\"Randy B.\",\"@id\":\"https:\\\/\\\/www.bouldergroup.com\\\/blog\\\/#\\\/schema\\\/person\\\/d0659a98645d2414d13cc9b2de3bc419\"},\"headline\":\"Net Lease Panda Express Profile and Cap Rates\",\"datePublished\":\"2020-08-29T20:18:13+00:00\",\"dateModified\":\"2020-10-07T14:33:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.bouldergroup.com\\\/blog\\\/net-lease-panda-express\\\/\"},\"wordCount\":239,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.bouldergroup.com\\\/blog\\\/net-lease-panda-express\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.bouldergroup.com\\\/blog\\\/wp-content\\\/uploads\\\/2018\\\/08\\\/Panda-Express.jpg\",\"keywords\":[\"Net Lease Panda Express\"],\"articleSection\":[\"Tenant Profiles\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.bouldergroup.com\\\/blog\\\/net-lease-panda-express\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.bouldergroup.com\\\/blog\\\/net-lease-panda-express\\\/\",\"url\":\"https:\\\/\\\/www.bouldergroup.com\\\/blog\\\/net-lease-panda-express\\\/\",\"name\":\"Net Lease Panda Express Profile and Cap Rates - 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