Lowest Cap Rate
4.00%
Lowest Cap Rate over past 24 months
Average Cap Rate
4.78%
12 mo avg with 5+ yr lease term
Average Cap Rate calculated if 3+ comps are available over past 12 months
Quarter Cap Rate
4.76%
Average Cap Rate over previous quarter
Overview
As a clear-cut consumer favorite in the fast casual food industry, Panera Bread has etched out a large following. Headquartered in St. Louis, Missouri, Panera has over 2,000 US locations. The average annual sales growth for Panera in 2019 was 8.94% while the S&P 500 average was at 5.50%. Panera locations tend to be situated in busy town centers, outside of malls, near business centers, and college campuses. On average, Panera prototypes are around the 4,500 square foot size and offer a 15-year lease term with typical rent escalations of 10% every 5 years.
Property & Lease
Sales Price Range$1,500,000 - $4,000,000
NOI Range$75,000 - $175,000
Building SF4,500
Lease Term15 Years
Escalations10% Every 5 Years
Stock SymbolCAPITALCOM:US500
Credit Rating
S&PN/A
Moody'sN/A
Cap Rate By Region
4.88
4.90
5.56
4.92
N/A
4.57
*Regional cap rates calculated from sales data available over the past 24 months, irrespective of remaining term.
Financial Fundamentals
- Overview
- Cap Rate By Region
Recent Sales Comps
Pensacola, FL5.24%
Hesperia, CA5.05%
New Smyrna Beach, FL4.00%
Top Consumer Traffic
Washington, DC925,000
Bethesda, MD817,200
Riverside, CA695,400
Provided by Placer.ai
*Indicates ranking may be skewed due to limited data
