900 E McGalliard Rd Muncie, IN 47303

Listing agency SURMOUNT g***@nnnpro.com Show Phone

Listed by Glen Kunofsky · License #NY 49KU1129178

Source Crexi

Added: Apr 11 Updated: Jul 22 at 3:08PM Checked: Jul 22 at 3:08PM

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Investment Insights

Based on property information with market context.

A brand-new Panera Bread restaurant is available for direct sale leaseback. The property was newly constructed and opened December 5, 2019, with 4,393 rentable square feet of restaurant building space on an estimated 1.03-acre parcel of land.

Upon close of escrow, Panera, LLC, will enter into a brand new 15-year triple-net (NNN) sale leaseback with the purchaser. Initial annual rent is $156,014, with rent increasing by 8.0% every five years throughout the base term and in each tenant option period. The lease includes four (4) five-year tenant renewal options, extending the total possible lease term to 35 years. The property is located at 900 E McGalliard Rd, Muncie, IN 47303.

Key Highlights

• Newly constructed Panera Bread at 900 E. Highway 80, Muncie, IN
• Building size: 4,393 rentable SF on an estimated 1.03‑acre parcel
• 15‑year triple‑net (NNN) sale leaseback with Panera, LLC starting at close of escrow

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FAQs

What type of property is this?

NNN property - Newly constructed Panera Bread restaurant on an estimated 1.03-acre parcel with a 15-year NNN sale leaseback.

Where is this nnn property located?

The property is located at 900 E McGalliard Rd Muncie, IN.

What are key features of this property?

This property features: Newly constructed Panera Bread at 900 E. Highway 80, Muncie, IN; Building size: 4,393 rentable SF on an estimated 1.03‑acre parcel; 15‑year triple‑net (NNN) sale leaseback with Panera, LLC starting at close of escrow