3506 S Clack St - Freestanding FOR SALE


Abilene, TX 79606
$5,330,000 USD
949-270-8206
3506 S Clack St, Abilene, TX for Sale
$5,330,000 USD
Freestanding - FOR SALE
1/9
null | 5.25% Cap Rate

3506 S Clack St
Abilene, TX 79606


HIGHLIGHTS

  • 14+ Years Remaining on Lease | Scheduled Rental Increases | Corporate Signed Lease | Well-Known & Established Brand
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Direct Residential Consumer Base | Strong Demographics in 5-Mile Trade Area
  • Dense Retail Trade Area | Major Surrounding Shopping Centers | Strong Tenant Presence | Dyess Air Force Base & Abilene Airport
  • Located Along Clack Street | Centralized Location |Drive-Thru Equipped | Excellent Visibility & Access

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, drive-thru equipped, freestanding, Panera Bread investment property located in Abilene, TX. The tenant signed a new 20-year, corporate-backed lease with 4 (5-year) option periods to extend in December 2020, demonstrating their long-term commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and option periods, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor. Founded in 1987, Panera Bread is among the largest fast casual restaurants with over 2,100 locations across the United States.

FOR SALE DETAILS

PRICE

$5,330,000 USD

PRICE/SF

$1,080 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Panera Bread

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

47

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,590 SF

ZONING

GC

APN/PARCEL ID

4350000200

ASK ABOUT THIS PROPERTY

Parker WalterSRS National Net LeaseMore Info
949-270-8206

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Parker WalterSRS National Net LeaseMore Info
949-270-8206

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