Panera Drive-Through
New
For Sale
$3,458,000
207 Three Rivers Drive, Kelso, WA 98626
A new NNN lease provides scheduled increases and four additional five-year renewal options.
Property Size4,500 SF
Price / SF$768.44
Days on Market2
Property Features for 207 Three Rivers Drive
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Restaurant
Lease Type
NNN
Amenities
Brand-New 15-Year NNN Lease commencing upon close of escrow, providing long-term lease duration
10% Rental Increases Every Five Years throughout the initial lease term and four five-year renewal options.
Established Operating History – Panera has operated at the location since 2017.
Experienced Panera Franchisee – Operated by Manna Development Group, one of Panera's largest franchisees, with approximately 160 cafés across 11 states.
Modern Drive-Thru Prototype – 4,500-square-foot building constructed in 2017 on approximately one acre, plus 12 Tesla Supercharger stations.
Regional Retail Location Near I-5 along Three Rivers Drive, Cowlitz County's primary retail corridor, near Three Rivers Mall and numerous national retailers and restaurants.
Growing Trade Area – 78,835 residents within seven miles, projected to exceed 80,000 by 2030, with average household income projected to reach $98,851
Additional Panera Opportunities Available – Two additional 15-year NNN leased Panera locations in Michigan City, Indiana and Wyoming, Michigan are being offered alongside the Kelso property.
Building Details
Building Size
4,500 SF
Listing Agency:
Marcus & Millichap - Fort Lauderdale
Listed By:
Alan Lipsky · License #License(s): FL: SL3279054
(954) 245-3595
Source:
Marcusmillichap
Added: Oct 4
Last Checked: Oct 4 at 2:23PM
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 Marcus & Millichap - Fort Lauderdale
Investment Insights
Based on property information with market context.
Built in 2017, the 4,500-square-foot Panera restaurant occupies approximately one acre and includes a drive-through. The property also has 12 Tesla Supercharger stations. At closing, the restaurant will be subject to a new 15-year NNN lease, with 10% increases every five years during the initial term and four five-year renewal options. The lease is guaranteed by Hanna Graham Investments; Manna Development Group operates the restaurant.
The property fronts Three Rivers Drive in Kelso, along the county’s primary retail corridor. It is near the I-5 interchange and Three Rivers Mall, with Target, Safeway and Regal Cinemas among nearby destinations. The trade area includes 39,613 residents within three miles and 78,835 within seven miles. The property is also offered within a three-location Panera portfolio, with Michigan City, Indiana, and Wyoming, Michigan, locations available separately.
The property fronts Three Rivers Drive in Kelso, along the county’s primary retail corridor. It is near the I-5 interchange and Three Rivers Mall, with Target, Safeway and Regal Cinemas among nearby destinations. The trade area includes 39,613 residents within three miles and 78,835 within seven miles. The property is also offered within a three-location Panera portfolio, with Michigan City, Indiana, and Wyoming, Michigan, locations available separately.
Key Highlights
- 4,500‑square‑foot restaurant built in 2017 on approximately one acre
- Drive‑through restaurant with 12 Tesla Supercharger stations
- New 15‑year NNN lease at closing, with 10% increases every five years
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
489
Businesses Nearby
404k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Superstores 16%
Shops & Services 16%
Groceries 12%
Target
Superstores
65,080 visits/mo
0.1 miles
Safeway
Groceries
47,230 visits/mo
0.3 miles
McDonald's
Dining
32,468 visits/mo
0.2 miles
Starbucks
Dining
25,015 visits/mo
0.2 miles
Dutch Bros. Coffee
Dining
22,199 visits/mo
0.2 miles
Demographics for 98626, WA
26,291
Population
10,642
Households
2.5
Avg Household Size
39
Median Age
15%
College-Educated
90%
High-School Grad
134.6 sq mi
ZIP Area
195
Density / Sq Mi
$70,058
Median Household Income
$40,996
Median Earnings
$1,169
Median Rent
$339,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Drive through restaurant - A new NNN lease provides scheduled increases and four additional five-year renewal options.
Where is this drive through restaurant located?
The property is located at 207 Three Rivers Drive Kelso, WA.
What is the asking price?
The asking price for this property is $3,458,000.
What are key features of this property?
This property features: 4,500‑square‑foot restaurant built in 2017 on approximately one acre; Drive‑through restaurant with 12 Tesla Supercharger stations; New 15‑year NNN lease at closing, with 10% increases every five years
