Panera Bread 7727 Tidewater Dr 3,500 SF Retail Building Norfolk, VA 23505 £2,514,714 (£718.49/SF) 5% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Brand new 15-year term
- Less than 10 minutes from the world’s largest naval base| Naval Station Norfolk | 82,000 active-duty personnel | 4,631 acres
- Great visibility from Tidewater Drive | 30,000 VPD
- Corporate Lease | Panera, LLC | 2,173+ locations nationwide
- Investment Grade Credit | Baa/BBB+
- Outparcel to Southern Shopping Center | 219,926 SF of prime retail space
EXECUTIVE SUMMARY
Ransome Foose and Carl Brendes of Berkeley Capital Advisors are pleased to present for sale Panera Bread in Norfolk, VA. We welcome your review of this attractive investment.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Design & Build
Property Type
Retail
Property Subtype
Building Size
3,500 SF
Year Built
2024
Price
£2,514,714
Price Per SF
£718.49
Net Initial Yield
5%
NOI
£125,736
Tenancy
Single
Number of Floors
1
Building FAR
0.09
Lot Size
0.89 AC
Opportunity Zone
Yes
Parking
40 Spaces (11.43 Spaces per 1,000 SF Leased)
AMENITIES
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Panera Bread
- Accommodation and Food Services
- 3,500 SF
- -
- NNN
- Sep 2039
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Panera Bread | Accommodation and Food Services | 3,500 SF | - | NNN | Sep 2039 |
Walk Score®
Very Walkable (82)
NEARBY MAJOR RETAILERS
