Panera Bread
Single-Tenant Offerings
Panera Bread
1495 E 7th Street
Monticello (Minneapolis MSA), MN
- Price:
- $3,384,000
- Cap Rate:
- 5.00%
- NOI:
- $169,200
- Rentable SQFT:
- 2,400 SF
- Year Built:
- 2025
- Lot Size:
- 0.932 +/- Acres
- Lease Type:
- Absolute NNN
- Status:
- Available
Investment Highlights
- 15-Year Absolute NNN Lease with 8% Increases Every 5 Years
- Corporate Guaranty by Panera, LLC, 2,216+ Locations and $6.45 Billion in Revenue
- Average Unit-Level Sales of Nearly $3.5 Million, Equates to a Rent-to-Sales Ratio Less Than 5%
- Brand New High-Quality Construction with a Drive-Thru
- Outparcel to Super Target, Home Depot, Marshall’s, and Petsmart Anchored Power Center
- Serving Over 121,800 Residents in Rapidly Growing Suburb to Minneapolis
- Surrounded by Several Residential Developments, Wright County is the Fastest Growing County in Minnesota
- Strong Average Household Incomes Exceeds $93,000 in 3 Miles and $100,000 in 5 Miles
- Highly Visible Along I-94 with 55,000 Cars/Day, Direct Access to Downtown Minneapolis
- Strategic Location, Nearest Panera Bread Over 13 Miles Away
- Across from Future Grocery Anchored Center Under Construction with Brand New Chipotle, Starbucks, Valvoline, Les Schwab Tire Center, Maverik, and More
- Close Proximity to Monticello Hospital with 400 Employees
- Strong Daytime Population, Over 34,554 Employees in Primary Trade Area
- Minutes to Several K-12 Schools with 5,000 Students
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