3506 S Clack St Abilene, TX 79606

This freestanding Panera Bread investment property is located in Abilene, TX. The property benefits from a new 20-year, corporate-backed lease signed in December 2020, with 4 (5-year) option periods. The lease features 10% rental increases every 5 years throughout the initial term and option periods. The lease is absolute NNN with zero landlord responsibilities. Founded in 1987, Panera Bread has over 2,100 locations across the United States. The property is strategically located along Clack Street with visibility and access to 20,100 vehicles per day. It also fronts U.S. Highway 83 (59,000 VPD), connecting to State Highway 322 and Interstate 20. The property is situated within a dense retail trade area, as an outparcel to the Shops at Abilene Village (144,000+ SF), adjacent to the Shops at Abilene (250,000+ SF) and Park Central Shopping Center (202,000+ SF), and near the Mall of Abilene (991,000+ SF). Nearby national and credit tenants include Lowe’s, Target, Home Depot, TJ Maxx, Walmart Supercenter, Michaels, Petco, and Burlington. The property is near single-family communities and multi-family complexes including Copper Creek (228 units), Reserve at Abilene (256 units), and Indian Run (256 units). The 5-mile trade area is supported by over 107,200 residents and 56,300 daytime employees, with an average household income of $85,402. The property size is 4,935 square feet.