Freestanding Drive-Through
For Sale
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1484 COOLIDGE HWY, Troy, MI 48084
Freestanding Panera Bread location with a drive-through format and absolute NNN lease structure.
Property Size4,478 SF
Lot Size2.02 Acres
Price / SF$958.73
Days on Market12
Property Features for 1484 COOLIDGE HWY
General Information
Standard status
Active
Size
4,478 SF
Lot size
2.02 Acres
Property subtype
Retail
Additional Details
Drive-Thru
Yes
Listing Agency:
Encore Real Estate Investment Services
Listed By:
Deno Bistolarides · License #BRKP.2020008390
(248) 702-0288
Source:
Crexi
Added: Sep 10
Changed: Sep 20
Last Checked: Sep 20 at 8:13AM
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 Encore Real Estate Investment Services
Investment Insights
Based on property information with market context.
This 4,478 SF freestanding Panera Bread restaurant occupies 2.02 acres and incorporates the brand’s drive-through format. The property was developed through a relocation from an in-line store within the same market, creating a standalone restaurant configuration with dedicated site area.
The asset is leased under an absolute NNN structure with approximately 11 years remaining on the initial 15-year term. Panera, LLC provides the corporate lease backing, while scheduled 10% rent increases every five years apply throughout the base term. Renewal options are also included. The property is located at 1484 Coolidge Hwy in Troy, near West Maple Road, within a retail corridor that includes Whole Foods, Target, Kroger, The Home Depot, and LA Fitness.
The asset is leased under an absolute NNN structure with approximately 11 years remaining on the initial 15-year term. Panera, LLC provides the corporate lease backing, while scheduled 10% rent increases every five years apply throughout the base term. Renewal options are also included. The property is located at 1484 Coolidge Hwy in Troy, near West Maple Road, within a retail corridor that includes Whole Foods, Target, Kroger, The Home Depot, and LA Fitness.
Key Highlights
- 4,478 SF freestanding Panera Bread restaurant
- Drive‑through concept created through relocation from an in‑line store
- Situated on 2.02 acres at 1484 Coolidge Hwy, Troy, MI
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,025
Businesses Nearby
546k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 28%
Superstores 25%
Apparel 15%
Shops & Services 14%
Target
Superstores
135,994 visits/mo
0.3 miles
Meijer
Groceries
99,171 visits/mo
0.5 miles
Kohl's
Apparel
53,710 visits/mo
0.3 miles
Kroger
Groceries
53,241 visits/mo
0.4 miles
The Home Depot
Home Improvements & Furnishings
48,331 visits/mo
0.5 miles
Demographics for 48084, MI
16,364
Population
7,402
Households
2.2
Avg Household Size
37
Median Age
73%
College-Educated
99%
High-School Grad
6.2 sq mi
ZIP Area
2,639
Density / Sq Mi
$106,004
Median Household Income
$71,494
Median Earnings
$1,648
Median Rent
$420,000
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Freestanding Panera Bread location with a drive-through format and absolute NNN lease structure.
Where is this drive through restaurant located?
The property is located at 1484 COOLIDGE HWY Troy, MI.
What is the asking price?
The asking price for this property is $4,293,173.
What are key features of this property?
This property features: 4,478 SF freestanding Panera Bread restaurant; Drive‑through concept created through relocation from an in‑line store; Situated on 2.02 acres at 1484 Coolidge Hwy, Troy, MI
