Panera Bread NNN Properties for Sale in Florida
Panera Bread operates approximately 2,100 US bakery-cafes under private ownership (JAB Holdings). Panera NNN properties benefit from the breakfast/lunch daypart, strong catering revenue, and expanding drive-thru locations. Cap rates reflect the private company credit profile.
Typical Cap Rate
5.50% - 6.25%
Lease Term
15 years + options
Price Range
$2.5M - $5M
Building Size
4,000 - 4,500 SF
Lot Size
1.00 - 1.50 acres
Credit Rating
Private (JAB Holdings)
Investment Highlights
- Strong private parent company (JAB Holdings)
- Breakfast/lunch daypart diversification
- Drive-thru locations increasingly common on new BTS
- 15-year lease terms
- NNN lease structure
- Catering revenue provides operational diversification
Lease Structure
Panera leases are typically NNN with 15-year initial terms and renewal options. Rent bumps 5-10% every 5 years. Corporate guarantee from Panera Bread or parent entity.
Panera Bread Tenant Profile
Panera Bread, owned by JAB Holdings (private European investment firm), operates 2,100+ US bakery-cafes. JAB Holdings also owns Pret A Manger, Keurig Dr Pepper, and other major brands. Private but well-capitalized.
Panera Bread in Florida
Florida has 100+ Panera locations. Prime pad sites with drive-thru trade at 5.5-6% cap rates.
Why Buy Panera Bread
- +Strong private parent with deep capital
- +Multi-daypart revenue diversification
- +Growing drive-thru format
- +Stable fast casual operator
- +Larger building size supports re-leasing
Considerations
- •Private company (less transparency)
- •Fast casual competition is intense
- •Verify drive-thru vs. in-line configuration
- •Labor costs pressuring unit economics industry-wide
Related QSR Tenants
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