• Broker Ransome Foose 7043791985
  • Broker Carl Brendes 7047142363

Panera Bread 7727 Tidewater Dr 3,500 SF Retail Building Norfolk, VA 23505 £2,478,686 (£708.20/SF) 5% Net Initial Yield

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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
Fast Food
Building Size
3,500 SF
Year Built
2024
Price
£2,478,686
Price Per SF
£708.20
Net Initial Yield
5%
NOI
£123,934
Tenancy
Single
Number of Floors
1
Building FAR
0.09
Lot Size
0.89 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
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

LINKS

Walk Score®
Very Walkable (82)

NEARBY MAJOR RETAILERS

Planet Fitness
Food Lion
Dollar Bank
Navy Federal Credit Union
America's Best Wings
Fuddruckers
Ruby Tuesday
Applebee's
Cook Out
Rent-A-Center

MAP

ADDITIONAL PHOTOS

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