Panera Bread | 15607 Highway 105 W
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Panera Bread 15607 Highway 105 W
4,354 SF Retail Building Montgomery, TX 77356 £2,906,019 (£667/SF) 5.70% Net Initial Yield
Investment Highlights
- 15-year, triple net lease commenced in 2016 with three, five-year tenant renewal options.
- Features a patio with outdoor seating.
- Property includes drive-thru lane.
- Eight percent rent increases every five years throughout base term and option periods.
Executive Summary
Single Tenant NNN Investment Opportunity
Tenant is EYM Cafe of Texas, LLC. EYM Group is a multi-brand franchise company operating four restaurant brands in 7 states: Texas, Florida, Illinois, Indiana, Georgia, South Carolina and Wisconsin. Brands include Panera Bread, Pizza Hut, Denny's and KFC. EYM Cafe of Texas, LLC is a subsidiary of EYM Group and operates approximately 20 Panera Bread locations in Texas.
Tenant is EYM Cafe of Texas, LLC. EYM Group is a multi-brand franchise company operating four restaurant brands in 7 states: Texas, Florida, Illinois, Indiana, Georgia, South Carolina and Wisconsin. Brands include Panera Bread, Pizza Hut, Denny's and KFC. EYM Cafe of Texas, LLC is a subsidiary of EYM Group and operates approximately 20 Panera Bread locations in Texas.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,354 SF
Building Class
B
Year Built
2016
Price
£2,906,019
Price Per SF
£667
Net Initial Yield
5.70%
NOI
£165,643
Tenancy
Single
Number of Floors
1
Building FAR
0.06
Lot Size
1.58 AC
Zoning
Commercial
Parking
48 Spaces (11.02 Spaces per 1,000 SF Leased)
Frontage
592 ft on Texas 105
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 2150-11-01300 | Improvements Assessment | £674,276 |
| Land Assessment | £810,337 | Total Assessment | £1,484,613 |
PROPERTY TAXES
Parcel Number
2150-11-01300
Land Assessment
£810,337
Improvements Assessment
£674,276
Total Assessment
£1,484,613
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Panera Bread | 15607 Highway 105 W
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