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    320 Ed Schmidt Blvd Hutto, TX 78634

    For Sale
    $3,792,000

    New construction Panera Bread with drive-thru in Hutto, TX.

    Property size:
    2,479 SF
    Lot size:
    4.05 Acres

    Property Features for 320 Ed Schmidt Blvd

    General Information

    Size
    2,479 SF
    Lot size
    4.05 Acres

    Source: Marcus & Millichap | Phoenix Agent Mark Ruble

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Panera Bread with Drive-Thru

    This property features a brand new, high-quality construction with a drive-thru. It is under a 15-year absolute NNN lease with 8% increases every 5 years, guaranteed by Panera, LLC, a corporation with over 2,216 locations and $6.45 billion in revenue. The property is located in Hutto, Texas, one of the fastest-growing cities in the U.S., which experienced a 63% population growth within 3 miles from 2020 to 2024. The surrounding area includes several residential developments with 6,443 homes under construction. The property is suitable for drive-through restaurants, restaurants, and retail purposes. The building size is 2,479 square feet.
    Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hutto
    County
    Williamson
    State
    Texas
    Longitude
    -97.5612094
    Latitude
    30.5442174

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    FAQs

    What type of property is this?
    Drive through restaurant - New construction Panera Bread with drive-thru in Hutto, TX.
    Where is this drive through restaurant located?
    The property is located at 320 Ed Schmidt Blvd Hutto, TX.
    What is the asking price?
    The asking price for this property is $3,792,000.
    What are key features of this property?
    This property features: - 15-year absolute NNN lease with 8% increases every 5 years.; - Corporate guaranty by Panera, LLC, with over 2,216 locations and $6.45 billion in revenue.; - Brand new high-quality construction featuring a drive-thru.
    (602) 770-2935
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    320 Ed Schmidt Blvd Hutto, TX 78634
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    Hutto, TX 78634
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    320 Ed Schmidt Blvd Hutto, TX 78634
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