2820 E Germann Rd - Restaurant FOR SALE


Chandler, AZ 85286- South Chandler
$2,672,000 USD
310-966-0122
2820 E Germann Rd, Chandler, AZ for Sale
$2,672,000 USD
Restaurant - FOR SALE
1/4
null | 5.15% Cap Rate

2820 E Germann Rd
Chandler, AZ 85286
South Chandler


HIGHLIGHTS

  • Long-Term NNN Lease
  • Built-In Rental Growth
  • Established National Tenant
  • Large Signalized Pad Site
  • Premier Chandler Retail Corridor
  • Adjacent To High-Traffic Retail

OVERVIEW

Surmount is pleased to present the exclusive listing for a Panera Bread located at 2880 East Germann Road, Chandler, AZ 85286. The site consists of roughly 4,300 rentable square feet of building space on an estimated 1.38-acre parcel of land. Panera Bread is subject to a 15-year Triple Net (NNN) lease, which commenced 7/12/2017. The current annual rent is $137,619 and has scheduled increases of 8.00% Every 5 Years.

FOR SALE DETAILS

PRICE

$2,672,000 USD

PRICE/SF

$594 USD /SF

CAP RATE

5.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Panera Bread

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.38 AC

LAND SF

60,113 SF

ZONING

PAD

APN/PARCEL ID

303-31-209

ASK ABOUT THIS PROPERTY

Thomas JonssonCBC AdvisorsMore Info
310-966-0122

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Thomas JonssonCBC AdvisorsMore Info
310-966-0122

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.