Freestanding Panera Bread Investment
For Sale
Contact for pricing
Pending
3506 S Clack St, Abilene, TX 79606
Absolute NNN Panera Bread with drive-thru in Abilene, TX.
Property Size4,935 SF
Days on Market196
Property Features for 3506 S Clack St
General Information
Standard status
Pending
Size
4,935 SF
Total Parking Spaces
47
Property subtype
Retail
Zoning
GC: General Commercial
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$279,840
Building Details
Year Built
2020
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Newport Beach
Listed By:
Parker Walter · License #CA 02005574
Source:
Crexi
Added: Jan 29
Changed: Aug 8
Last Checked: Aug 12 at 9:48AM
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 SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Absolute NNN lease offers a management‑free, passive investment.
- New 20‑year, corporate‑backed lease with Panera Bread ensures long‑term stability.
- Strategic location with high visibility and access, benefiting from 20,100 VPD on Clack Street and proximity to U.S. Highway 83 (59,000 VPD).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
787
Businesses Nearby
Explore this area
Business Placement
Demographics for 79606, TX
27,818
Population
13,191
Households
2.1
Avg Household Size
36
Median Age
38%
College-Educated
97%
High-School Grad
69.5 sq mi
ZIP Area
400
Density / Sq Mi
$83,201
Median Household Income
$48,062
Median Earnings
$1,165
Median Rent
$248,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Absolute NNN Panera Bread with drive-thru in Abilene, TX.
Where is this drive through restaurant located?
The property is located at 3506 S Clack St Abilene, TX.
What is the asking price?
The asking price for this property is $5,330,000.
What are key features of this property?
This property features: Absolute NNN lease offers a management‑free, passive investment.; New 20‑year, corporate‑backed lease with Panera Bread ensures long‑term stability.; Strategic location with high visibility and access, benefiting from 20,100 VPD on Clack Street and proximity to U.S. Highway 83 (59,000 VPD).
