Panera Bread Ground Lease
3208 Interstate Highway 30 Greenville, TX
3208 Interstate Highway 30, Greenville, TX, 00000
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For Sale
Contact for pricing
NNN ground lease with established national tenant, Panera Bread.
Property Size4,354 SF
Lot Size1.06 Acres
Price / SF$614.38
Days on Market235
Property Features for 3208 Interstate Highway 30
General Information
- Standard status
- Active
- Size
- 4,354 SF
- Lot size
- 1.06 Acres
- Property subtype
- RETAIL
Listing Agency
STRIVE
(469) 844-8889
Listed by
Adam Gottschalk · License #TX 636961
(469) 844-8890
Source
Moodyscre
Added: Nov 28, 2025 Updated: Jul 6 at 9:25 am Checked: Jul 19 at 4:34 am
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 STRIVE
Investment Insights
Based on property information with market context.
This property offers a ground lease with a passive ownership structure, featuring an absolute NNN ground lease with zero landlord responsibilities. The tenant is responsible for all expenses, including taxes, insurance, and maintenance, making it suitable for passive, long-term investors. The location is situated on Interstate 30, as a pad to Academy Sports, and across the street from Walmart. Rent escalations are built-in, with 10% increases every 5 years, with the next one scheduled for 2027. The property is leased to Panera Bread, a national tenant with over 2,000 locations nationwide, backed by JAB Holding Company. The property is located in a strategic retail corridor with national co-tenants, including Walmart, Home Depot, Starbucks, and Lowe’s. The area features a median household income of approximately $63,000 and rising home values. Greenville’s population has grown to over 35,000 residents, with positive annual growth trends. The market continues to attract residential and commercial development. The property size is 4354 square feet.
Key Highlights
- Absolute NNN ground lease with zero landlord responsibilities, ideal for passive, long‑term investors.
- Established national tenant – Panera Bread, a credit‑worthy tenant with over 2,000 locations nationwide.
- Excellent location on Interstate 30, pad to Academy Sports, across the street from Walmart.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $105.0k | $24.12 |
| − Vacancy | −$5.0k | −$1.16 |
| EGI | $100.0k | $22.96 |
| − OpEx | −$25.0k | −$5.74 |
| NOI | $75.0k | $17.22 |
4,354 SF · lease $24.12/SF/yr · vacancy 4.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.07M
$937.3K – $1.25M
NOI $74,983 @ 7.0% cap · market cap 2.80%
Second Best
Retail
$1.00M
$875.7K – $1.17M
NOI $70,058 @ 7.0% cap · market cap 2.62%
Theoretical Best
Industrial
$4.33M
$3.79M – $5.05M
NOI $302,848 @ 7.0% cap · market cap 11.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Coffee shops
Similar For Sale Nearby
FAQs
What type of property is this?
Coffee shop - NNN ground lease with established national tenant, Panera Bread.
Where is this coffee shop located?
The property is located at 3208 Interstate Highway 30 Greenville, TX.
What is the asking price?
The asking price for this property is $2,675,000.
What are key features of this property?
This property features: Absolute NNN ground lease with zero landlord responsibilities, ideal for passive, long‑term investors.; Established national tenant – **Panera Bread**, a credit‑worthy tenant with over 2,000 locations nationwide.; **Excellent location on Interstate 30**, pad to Academy Sports, across the street from Walmart.
