876 Buena Vista Blvd Washington, UT 84780

Exceptional investment opportunity featuring a brand-new, 3,800 square foot Panera Bread restaurant in Washington, Utah. This Class A, single-tenant net lease property boasts a 180-year lease commencing January 1, 2025, and expiring December 31, 2040. The franchisee, Desert Flour LLC, enjoys a strong 100% occupancy rate. The property sits on a 1.17-acre lot at 876 W Buena Vista Blvd, Washington, UT 84780, a highly visible corner location easily accessible from I-15 at Exit 10. The lease includes three 5-year renewal options, each with a 10% rent increase. The current annual net operating income (NOI) is $180,000, representing a 5.25% cap rate on the $3,428,571 asking price. The property is zoned C and benefits from strong surrounding demographics, including a population of 86,460 within a 5-mile radius and an average household income of $112,040. This development also includes a Maverik gas station and convenience store, a Quick Quack Car Wash, Cyprus Credit Union, and a Home 2 Suites hotel. The Panera Bread franchise averages $2,599,432 in annual sales. This is a ground lease with 15 years remaining until expiration on December 31, 2040. The property features one building, one story, and is part of the Buena Vista Commercial Development project.