Panera Bread
13688 Elder Drive, Baxter, MN 56425
For Sale
Contact for pricing
The restaurant is leased under an absolute NNN structure with renewal options and scheduled rent increases.
Property SizeContact for details
Days on Market20
Property Features for 13688 Elder Drive
General Information
Standard status
Property subtype
Tenancy & Operations
Currently Operating
Tenant in Place
Listing Agency:
JLL Chicago | Americas Headquarters
Listed By:
Alex Sharrin · License IL 475.170243
(305) 913-5545
Source:
Crexi
Added: Oct 22
Changed: Nov 8
Last Checked: Nov 8 at 2:30PM
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 JLL Chicago | Americas Headquarters
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Investment Insights
Based on property information with market context.
The property is a Panera Bread restaurant at 13688 Elder Drive in Baxter, Minnesota. Panera LLC operates the location under an absolute NNN lease with 15 years remaining in the primary term.
The lease includes three renewal options, each lasting five years. Rent increases by 8% at five-year intervals.
The lease includes three renewal options, each lasting five years. Rent increases by 8% at five-year intervals.
Key Highlights
- Panera Bread restaurant at 13688 Elder Drive in Baxter, Minnesota
- Absolute NNN lease structure
- 15 years in the primary lease term
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
460
Businesses Nearby
359k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 36%
Superstores 26%
Apparel 17%
Home Improvements & Furnishings 11%
Costco Wholesale
Superstores
94,198 visits/mo
0.1 miles
T.J. Maxx
Apparel
36,750 visits/mo
0.2 miles
Cub Foods
Groceries
31,737 visits/mo
0.5 miles
Hobby Lobby
Shops & Services
31,561 visits/mo
0.3 miles
Costco Gasoline
Shops & Services
29,461 visits/mo
0.2 miles
Demographics for 56425, MN
8,584
Population
3,898
Households
2.2
Avg Household Size
41
Median Age
38%
College-Educated
97%
High-School Grad
18.3 sq mi
ZIP Area
469
Density / Sq Mi
$71,294
Median Household Income
$45,777
Median Earnings
$1,115
Median Rent
$299,900
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The restaurant is leased under an absolute NNN structure with renewal options and scheduled rent increases.
Where is this conventional restaurant located?
The property is located at 13688 Elder Drive Baxter, MN.
What is the asking price?
The asking price for this property is $3,660,000.
What are key features of this property?
This property features: Panera Bread restaurant at 13688 Elder Drive in Baxter, Minnesota; Absolute NNN lease structure; 15 years in the primary lease term
