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Panera Bread Drive-Thru and Mattress Firm 1807 22nd Ave SW

8,114 SF 100% Leased Retail Building Minot, ND 58701 £3,051,355 (£376/SF) 7% Net Initial Yield

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Investment Highlights

Two-Tenant Drive-Thru Investment; Pad to Hobby Lobby and Kohl’s: Corporate Panera Bread (w/ Drive-Thru) & Mattress Firm
Located Near the Signalized Intersection of 22nd Ave SW and 16th St SW (33,500 CPD) and Located Directly at the On/Off Ramps of US 2/52 (15,900 CPD)
Affluent Six-Figure Incomes: Average household income in excess of $104,000 in a 5-mile radius

Panera Bread reports extremely strong sales at this location
Positioned Across From Dakota Square Mall Providing Excellent Crossover Traffic: Tenants include Target, Ross, Scheels, TJ Maxx/HomeGoods & many more
Minot, ND Is A Growing Market That Has Experienced Over 16% Population Growth In The Past 10 Years

Executive Summary

Two-Tenant Drive-Thru Investment | New 10-Year Lease Extension with Panera Bread | Extremely Strong Sales | Signalized Intersection (33,500 CPD)

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Restaurant

Building Size

8,114 SF

Building Class

Year Built

2014

Price

£3,051,355

Price Per SF

£376

Net Initial Yield

NOI

£213,574

Percent Leased

100%

Tenancy

Multiple

Number of Floors

Building FAR

0.17

Land Acres

1.07 AC

Parking

50 Spaces (6.16 Spaces per 1,000 SF Leased)

Frontage

116 ft on 22nd Ave SW

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