Panera Bread NNN Retail
1260 Promenade Place, Eagan, MN 55121
For Sale
Contact for pricing
The restaurant has operated at Promenade Place since 1998 under an absolute net lease.
Property SizeContact for details
Days on Market29
Property Features for 1260 Promenade Place
General Information
Standard status
Property subtype
Site & Location
Neighborhood
Traffic Count
Highway Access
Tenancy & Operations
Currently Operating
Tenant in Place
Building Details
Tenancy
Listing Agency:
CBRE - Tampa
Listed By:
Jim Shiebler, CCIM, CEC · License #FL SL3347780
Source:
Crexi
Added: Oct 12
Changed: Nov 8
Last Checked: Nov 8 at 5:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Tampa
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Investment Insights
Based on property information with market context.
Panera Bread occupies a single-tenant retail property at Promenade Place in Eagan. The restaurant has been operating at this address since 1998, and its lease is structured as an absolute net lease with a 10-year extension. The tenant’s long tenure and lease structure are defining features of the asset.
Promenade Place is in Eagan’s primary retail district, near Yankee Doodle Road. Traffic on that arterial exceeds 20,000 cars per day. Eagan sits at the convergence of I-35E, I-494, and MN Highway 77, with Minneapolis-Saint Paul International Airport and the Mall of America described as minutes away. The city is 12 miles south of downtown Saint Paul and 20 miles south of Minneapolis.
Promenade Place is in Eagan’s primary retail district, near Yankee Doodle Road. Traffic on that arterial exceeds 20,000 cars per day. Eagan sits at the convergence of I-35E, I-494, and MN Highway 77, with Minneapolis-Saint Paul International Airport and the Mall of America described as minutes away. The city is 12 miles south of downtown Saint Paul and 20 miles south of Minneapolis.
Key Highlights
- Panera Bread has operated at this address since 1998
- Absolute net lease with a 10‑year extension
- Located at Promenade Place in Eagan’s primary retail district
Property Analytics
Current Use
Lease Details
20,000 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,130
Businesses Nearby
486k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 33%
Shops & Services 20%
Groceries 16%
Apparel 13%
T.J. Maxx
Apparel
50,313 visits/mo
0.1 miles
Cub Foods
Groceries
42,859 visits/mo
0.4 miles
Lunds & Byerlys
Groceries
32,976 visits/mo
0.2 miles
Best Buy
Electronics
30,903 visits/mo
0.2 miles
The Home Depot
Home Improvements & Furnishings
30,842 visits/mo
0.3 miles
Demographics for 55121, MN
9,468
Population
4,296
Households
2.2
Avg Household Size
36
Median Age
42%
College-Educated
95%
High-School Grad
9.6 sq mi
ZIP Area
986
Density / Sq Mi
$86,929
Median Household Income
$51,450
Median Earnings
$1,630
Median Rent
$299,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
NNN property - The restaurant has operated at Promenade Place since 1998 under an absolute net lease.
Where is this nnn property located?
The property is located at 1260 Promenade Place Eagan, MN.
What is the asking price?
The asking price for this property is $3,111,000.
What are key features of this property?
This property features: Panera Bread has operated at this address since 1998; Absolute net lease with a 10‑year extension; Located at Promenade Place in Eagan’s primary retail district
