700 Gulf Breeze Pky
Gulf Breeze, FL 32561

• Highly Trafficked Corridor | Located at Corner of Signalized Intersection | 55,000+ Vehicles Per Day on US 98 o The Panera Bread is located on US 98 which is the main US highway that runs through the pan-handle and leads to Pensacola. Traffic Counts in-front of the property exceed 55,000+ VPD. The Panera is only 10 miles from Naval Air Station Pensacola. • Located Next to Gulf Breeze Hospital and Across from Elementary, Middle, and High School | 3,549 Enrollment (2018-2019) o The Panera Bread is adjacent to Gulf Breeze Hospital which is part of the Baptist Healthcare System and serves Santa Rosa County. o Directly across the street from the Panera Bread sits Gulf Breeze Elementary School (747 Students), Middle School (991 Students), and High School (1,811) Students, providing a strong potential customer base. • Strong Store Sales | Extremely Low 3.2% Rent-to-Sales Ratio | Drive-Thru Location o This Panera Bread has strong store sales at approximately $2.6 million and with that, a very low rent-to-sales ratio. o Other Panera Bread stores can have rents 2 to 2.5x higher than the Subject Property. • $153,000+ Avg HH Income Within 1 and 3 Mile Radius | Approximately 2.5x Above the National Average o The average household income in a one and three-mile radius of the Property is over $153,000 which is approximately two and a half times the national average, thereby providing for more disposable income in the immediate area. • Corporate NNN Lease | Rare 12% Rent Increases Every Five Years & Percentage Rent Clause o The Property is subject to a long-term NNN ground lease which is guaranteed by Panera Bread corporate. The Lease provides for rare 12% rental increases every five years as well as percentage rent equal to 5% of gross sales above the break-point.