Panera Bread Spring, TX

21620 Kuykendahl Road
Spring, TX

Price: $3,633,000
Cap Rate: 5.50%
NOI: $199,800
Building Size: Approx. 4,356 Sq. Ft.
Lot Size: Approx. 1.15 Acres
Type: Single-Tenant / Retail
Sub Category: QSR
Year Built: 2015

Investment Overview

  • 2015 Construction. 4,356+/- SF Building on 1.15+/- Acre Site
  • New 15 Yr Absolute NNN Ground Lease w/ 8% Rental Increases Every 5 Years
  • Excellent High-Traffic Location off of Kuykendahl Rd (30K+ VPD) & Northcrest Dr (4K+ VPD)
  • Property Located in the Grand Parkway Marketplace II (237K SF Shopping Center)
  • Subject Property is Located Near Starbucks, 7-Eleven, Whataburger, and Hobby Lobby
  • Strong Income Demo’s w/ an est. $111,943 Within a 3 Mile Radius of the Site
  • Panera is a Chain Store of a Bakery-Café Fast Casual Restaurant with Over 2,000 Locations
  • Spring  |  20 Miles from Downtown Houston  |  Population: 57,900+

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