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Panera 795 Jefferson Rd 4,600 sq ft Retail Property Rochester, NY 14623 £3,253,250 (£707.23/sq ft) 5.50% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Corporate Panera Bread; a leading fast casual concept with over 2,100 locations.
- Brand New, high quality construction Panera with a 13 year initial term, 10% increases every 5 years and limited landlord responsibilities
- Highly visible site with multiple points of access and over 29,900 vehicles per day along Jefferson Road
EXECUTIVE SUMMARY
Outparcel of a new Hobby Lobby, along a dense retail corridor; area retailers include Home Depot, PetSmart, Chick-Fil-A, Aldi, Burlington, and Dick’s Sporting Goods.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Property Size
4,600 sq ft
Costar Property Class
B
Year Built
2024
Price
£3,253,250
Price per sq ft
£707.23
Yield
5.50%
NOI
£178,929
Tenancy
Single
Number of Floors
1
Plot ratio
0.01
Total Plot Size
12.15 ac
Use Class
C-3 - Regional Business District
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 263200 162.09-1-3.1 | Improvements Assessment | £6,516,837 |
| Land Assessment | £439,842 | Total Assessment | £6,956,679 |
PROPERTY TAXES
Parcel Number
263200 162.09-1-3.1
Land Assessment
£439,842
Improvements Assessment
£6,516,837
Total Assessment
£6,956,679
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Panera | 795 Jefferson Rd
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