595 E Round Grove Rd
Lewisville, TX 75067
|Price: $4,600,000||Building Size: 4,700 SF|
|Cap Rate: 4.35%||Lot Size: 1 acre|
|Annual Rent: $200,000||Year Built: 2015|
– Absolute NNN Lease Zero landlord responsibilities
– Long Term Lease – Over 18 years remaining
– Corporately Guaranteed by Panera Bread
– Strong Rent Growth – 10% every 5 years
– Recently Constructed in 2015
– Located in Lewisville, TX in the heart of the Dallas
National Retail Properties is pleased to present for sale an absolute triple net ground lease Panera Bread located in Lewisville, TX (Dallas MSA). This corporate lease is guaranteed by Panera Bread (Panera, LLC) and has zero landlord obligations. The long term lease has over 18 years remaining on an original 20 year term and provides for strong rental growth with 10% increases every 5 years including during the option periods. The building is the new Panera prototype and was recently constructed in 2015.
Panera is well located along East Round Grove Road just off Interstate 35 in Lewisville, TX. Lewisville is a vibrant submarket within the Dallas MSA and has exhibited tremendous growth over the last 15 years. The property is strategically situated across from the Vista Ridge Mall and has great visibility as well as direct access off of East Round Grove Road.