Panera Drive-Through
New
For Sale
Contact for pricing
8616 US 31 S, Indianapolis, IN 46227
A newly constructed restaurant is leased to Panera under a corporate agreement with scheduled rent increases and renewal options.
Property Size3,875 SF
Lot Size1.10 Acres
Price / SF$1,051
Days on Market3
Property Features for 8616 US 31 S
General Information
Standard status
Active
Size
3,875 SF
Lot size
1.10 Acres
Property subtype
RETAIL
Site & Location
Neighborhood
South Perry
Drive-Thru
Yes
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Building Details
Year Built
2025
Buildings
1
Tenancy
Single
Listing Agency:
Lee & Associates | North San Diego County
(760) 929-9700
Listed By:
Ryan Bennett · License #01826517
(760) 519-0240
Source:
Moodyscre
Added: Nov 4
Last Checked: Nov 4 at 3:01PM
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 Lee & Associates | North San Diego County
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Investment Insights
Based on property information with market context.
The property includes a 3,875-square-foot Panera Bread restaurant with a drive-through, completed in 2025 on approximately 1.10 acres. The sale includes the land and building, and the restaurant is located within the Shops at Fountain Creek in Indianapolis, Indiana.
Panera operates under a 15-year corporate lease, with approximately 14.6 years remaining. The lease provides for 10% rent increases every five years and includes three additional five-year renewal options.
Panera operates under a 15-year corporate lease, with approximately 14.6 years remaining. The lease provides for 10% rent increases every five years and includes three additional five-year renewal options.
Key Highlights
- 3,875‑square‑foot Panera Bread restaurant with drive‑through
- Built in 2025 on approximately 1.10 acres
- 15‑year corporate lease with approximately 14.6 years remaining
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
943
Businesses Nearby
175k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 33%
Apparel 23%
Dining 16%
Superstores 15%
Five Below
Shops & Services
55,292 visits/mo
0.3 miles
Big Lots
Superstores
25,829 visits/mo
0.5 miles
Ross Dress for Less
Apparel
25,498 visits/mo
0.4 miles
Fresh Thyme Market
Groceries
23,156 visits/mo
0.3 miles
First Watch
Dining
18,183 visits/mo
0.4 miles
Demographics for 46227, IN
62,126
Population
26,411
Households
2.4
Avg Household Size
33
Median Age
21%
College-Educated
83%
High-School Grad
16.7 sq mi
ZIP Area
3,720
Density / Sq Mi
$50,993
Median Household Income
$35,591
Median Earnings
$994
Median Rent
$192,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Indianapolis, IN
Frequently Asked Questions
What type of property is this?
Drive through restaurant - A newly constructed restaurant is leased to Panera under a corporate agreement with scheduled rent increases and renewal options.
Where is this drive through restaurant located?
The property is located at 8616 US 31 S Indianapolis, IN.
What is the asking price?
The asking price for this property is $4,076,000.
What are key features of this property?
This property features: 3,875‑square‑foot Panera Bread restaurant with drive‑through; Built in 2025 on approximately 1.10 acres; 15‑year corporate lease with approximately 14.6 years remaining
