Brand-New Panera Bread
For Sale
Contact for pricing
900 E McGalliard Rd, Muncie, IN 47303
Newly constructed Panera Bread restaurant on an estimated 1.03-acre parcel with a 15-year NNN sale leaseback.
Property Size4,393 SF
Lot Size1.03 Acres
Days on Market132
Property Features for 900 E McGalliard Rd
General Information
Standard status
Active
Size
4,393 SF
Lot size
1.03 Acres
Property subtype
Retail
Building Details
Year Built
2019
Tenancy
Single
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Glen Kunofsky · License #NY 49KU1129178
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 22 at 3:08PM
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 SURMOUNT
Investment Insights
Based on property information with market context.
A brand-new Panera Bread restaurant is available for direct sale leaseback. The property was newly constructed and opened December 5, 2019, with 4,393 rentable square feet of restaurant building space on an estimated 1.03-acre parcel of land.
Upon close of escrow, Panera, LLC, will enter into a brand new 15-year triple-net (NNN) sale leaseback with the purchaser. Initial annual rent is $156,014, with rent increasing by 8.0% every five years throughout the base term and in each tenant option period. The lease includes four (4) five-year tenant renewal options, extending the total possible lease term to 35 years. The property is located at 900 E McGalliard Rd, Muncie, IN 47303.
Upon close of escrow, Panera, LLC, will enter into a brand new 15-year triple-net (NNN) sale leaseback with the purchaser. Initial annual rent is $156,014, with rent increasing by 8.0% every five years throughout the base term and in each tenant option period. The lease includes four (4) five-year tenant renewal options, extending the total possible lease term to 35 years. The property is located at 900 E McGalliard Rd, Muncie, IN 47303.
Key Highlights
- Newly constructed Panera Bread at 900 E. Highway 80, Muncie, IN
- Building size: 4,393 rentable SF on an estimated 1.03‑acre parcel
- 15‑year triple‑net (NNN) sale leaseback with Panera, LLC starting at close of escrow
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
620
Businesses Nearby
558k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Shops & Services 19%
Groceries 17%
Office Supplies 2%
Chick-fil-A
Dining
51,576 visits/mo
0.3 miles
Pay Less Super Markets
Groceries
49,965 visits/mo
0.4 miles
Aldi
Groceries
32,959 visits/mo
0.5 miles
Starbucks
Dining
31,889 visits/mo
0.2 miles
Culver's
Dining
23,409 visits/mo
0.2 miles
Demographics for 47303, IN
24,069
Population
11,567
Households
2.1
Avg Household Size
30
Median Age
25%
College-Educated
90%
High-School Grad
58.0 sq mi
ZIP Area
415
Density / Sq Mi
$42,556
Median Household Income
$22,497
Median Earnings
$883
Median Rent
$106,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Newly constructed Panera Bread restaurant on an estimated 1.03-acre parcel with a 15-year NNN sale leaseback.
Where is this nnn property located?
The property is located at 900 E McGalliard Rd Muncie, IN.
What are key features of this property?
This property features: Newly constructed Panera Bread at 900 E. Highway 80, Muncie, IN; Building size: 4,393 rentable SF on an estimated 1.03‑acre parcel; 15‑year triple‑net (NNN) sale leaseback with Panera, LLC starting at close of escrow
