Purchase Price | $3,200,000 |
---|---|
Annual Rental Income | $192,000 |
Cap Rate | 6% |
Lease Term | 15 Years |
City | Myrtle Beach MSA |
Panera Bread Net Lease Investment Opportunity
Myrtle Beach, SC MSA
15-Year Absolute Triple Net Lease | Corporate Guarantee | Fee Simple Ownership
This offering presents an exceptional opportunity to acquire a brand-new Panera Bread property located in the thriving Myrtle Beach, South Carolina Metropolitan Statistical Area. Secured by a 15-year absolute triple net (NNN) lease, this investment provides a reliable and management-free income stream backed by one of the nation’s most recognized and growing fast-casual dining brands. The property’s premier location, strong surrounding demographics, and corporate-backed lease make it an outstanding long-term investment.
Location and Market Overview
Myrtle Beach is among the fastest-growing metropolitan areas in the United States, attracting more than 20 million visitors annually while supporting a growing year-round population. Known for its robust tourism industry, expanding residential base, and favorable business climate, the Myrtle Beach MSA provides exceptional retail demand fundamentals.
The subject property sits on a hard corner of a high-traffic arterial roadway with daily traffic counts exceeding 42,000 vehicles. Its prime placement offers superior visibility and accessibility, making it a destination for both local residents and the area’s consistent influx of tourists. The surrounding corridor features a strong mix of national retailers, grocery anchors, and quick-service restaurants, ensuring consistent consumer activity throughout the year.
Demographics
The site is supported by excellent demographics. Within a three-mile radius, the population exceeds 56,000 residents with average household incomes of $84,000. Expanding to five miles, the population grows to more than 118,000. This blend of strong local population and significant tourist traffic creates a robust customer base for Panera Bread’s fast-casual dining model.
Property Details
The property consists of a freestanding Panera Bread store totaling approximately 4,600 square feet on a 1.2-acre parcel. Constructed to Panera Bread’s latest prototype standards, the building features modern design elements, a contemporary dining area, and a drive-thru lane that enhances convenience and increases customer throughput. The site provides ample parking, excellent ingress and egress, and visibility from both traffic directions.
Fee simple ownership ensures full control of the land and building, providing long-term security and stability.
Lease Structure and Tenant Guarantee
The asset is secured by a brand-new 15-year absolute triple net (NNN) lease. Under the terms of the lease, the tenant is responsible for all property expenses, including real estate taxes, insurance, and maintenance, creating a completely passive investment for ownership. The lease includes 10% rental increases every five years, providing dependable income growth over the term.
Panera Bread, a leader in the fast-casual restaurant industry, operates more than 2,000 bakery-cafés nationwide. Known for its high-quality menu, brand loyalty, and robust digital ordering platform, Panera continues to expand nationally and is backed by JAB Holding Company, a global investment group with substantial resources and market presence.
Surrounding Area and Trade Drivers
Myrtle Beach is a premier East Coast vacation destination, generating year-round demand from both permanent residents and seasonal visitors. The subject property is located in a bustling retail corridor anchored by national tenants such as Walmart, Target, Lowe’s, Publix, and Chick-fil-A. Its proximity to popular resorts, golf courses, schools, and residential communities ensures steady traffic and strong sales performance for Panera Bread.
Investment Highlights
Buyer Profile and Financing
This property is ideally suited for 1031 exchange buyers, REITs, and institutional investors seeking a long-term net lease with strong credit and zero management responsibilities. The 15-year absolute NNN structure and scheduled rent escalations provide excellent lender confidence and attractive financing opportunities.
Conclusion
This Panera Bread property in the Myrtle Beach, SC MSA represents a premier single-tenant net lease investment. With a long-term 15-year absolute NNN lease, corporate-backed guarantee, scheduled rent increases, and a prime hard-corner location in one of the nation’s fastest-growing and most visited markets, the asset offers secure, predictable income and strong long-term appreciation potential.
Qualified investors are encouraged to request the full offering memorandum, lease abstract, and financial details.