Panera Bread Drive-Through
New
For Sale
$3,000,000
5510 Clyde Park Ave SW, Wyoming, MI 49509
A freestanding restaurant is offered with a new NNN lease and multiple renewal options.
Property Size4,500 SF
Lot Size1.00 Acre
Price / SF$666.67
Days on Market3
Property Features for 5510 Clyde Park Ave SW
General Information
Standard status
Active
Size
4,500 SF
Lot size
1.00 Acre
Property subtype
Restaurant
Lease Type
NNN
Net Operating Income
$165,000
Financials
Asking Price
$3,000,000
Cap Rate
5.5%
Additional Details
Drive-Thru
Yes
Amenities
Grand Rapids MSA Location – Situated in Wyoming, Michigan within the Grand Rapids MSA and the established southwest Grand Rapids trade area.
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.
11-Year Operating History – Panera has operated at the location since the 2015-built restaurant opened.
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 freestanding restaurant situated on approximately one acre.
Exceptional Grand Rapids-Area Demographics – Approximately 212,970 residents within five miles with average household income of $93,360, expanding to 323,583 residents within seven miles with average household income of $95,786.
Additional Panera Opportunities Available – Two additional 15-year NNN leased Panera locations in Kelso, Washington and Michigan City, Indiana are being offered alongside the Wyoming, Michigan property.
Building Details
Building Size
4,500 SF
Year Built
2015
Buildings
1
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 5 at 3:00PM
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.
The freestanding Panera Bread restaurant in Wyoming, Michigan, was built in 2015 and contains 4,500 square feet on approximately one acre. A drive-through is part of the building’s design. At closing, the property is to be leased under a new 15-year NNN agreement, with 10% rent increases at five-year intervals and four additional five-year renewal options. The lease is guaranteed by Hanna Graham Investments, LLC. Manna Development Group operates the restaurant; the franchisee has been at this location for approximately 11 years and operates about 160 Panera cafés in 11 states.
The property is on Clyde Park Avenue SW in the Grand Rapids MSA, amid residential neighborhoods, commercial uses, and daily-needs retail. The five-mile trade area has approximately 212,970 residents and an average household income of $93,360. The seven-mile area includes approximately 323,583 residents, with an average household income of $95,786.
The property is on Clyde Park Avenue SW in the Grand Rapids MSA, amid residential neighborhoods, commercial uses, and daily-needs retail. The five-mile trade area has approximately 212,970 residents and an average household income of $93,360. The seven-mile area includes approximately 323,583 residents, with an average household income of $95,786.
Key Highlights
- Freestanding Panera Bread restaurant with drive‑through
- 4,500 square feet on approximately one acre; built in 2015
- New 15‑year NNN lease, with 10% rent increases every five years
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
301
Businesses Nearby
2k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 100%
Hampton Inn
Hotels & Casinos
2,065 visits/mo
0.3 miles
Demographics for 49509, MI
28,340
Population
10,611
Households
2.7
Avg Household Size
34
Median Age
19%
College-Educated
85%
High-School Grad
7.3 sq mi
ZIP Area
3,882
Density / Sq Mi
$64,981
Median Household Income
$38,356
Median Earnings
$983
Median Rent
$183,400
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 - A freestanding restaurant is offered with a new NNN lease and multiple renewal options.
Where is this drive through restaurant located?
The property is located at 5510 Clyde Park Ave SW Wyoming, MI.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Freestanding Panera Bread restaurant with drive‑through; 4,500 square feet on approximately one acre; built in 2015; New 15‑year NNN lease, with 10% rent increases every five years
