Panera Bread & Verizon

Panera Bread & Verizon Wireless Net Lease Investment Opportunity
St. Augustine, FL MSA
Two-Tenant Brand-New Construction | 10-Year NNN Leases

This offering presents a rare opportunity to acquire a newly constructed two-tenant retail property featuring Panera Bread and Verizon Wireless in the growing St. Augustine, Florida Metropolitan Statistical Area. Both tenants have executed brand-new 10-year triple net leases backed by strong national credit, providing investors with secure, long-term income and minimal management responsibility. Situated on a highly visible parcel along a major retail corridor, the property benefits from excellent traffic counts, outstanding demographics, and long-term market fundamentals that make it an ideal passive investment.

Location and Market Overview
St. Augustine, located in St. Johns County, is one of the fastest-growing communities in Florida and consistently ranks among the top U.S. markets for population growth and household income expansion. Known for its rich history, strong tourism base, and high quality of life, the area attracts both full-time residents and millions of annual visitors. The St. Augustine MSA has experienced significant residential and commercial development in recent years, fueled by its proximity to Jacksonville and its growing local economy.

The subject property is strategically positioned along a major arterial roadway with daily traffic counts exceeding 43,000 vehicles. The surrounding trade area is anchored by national retailers, grocery chains, and major service providers, creating a robust retail environment. In addition to local residents, the property draws from a strong tourist base and nearby residential communities, ensuring consistent year-round traffic.

Demographics
The trade area features excellent demographics. Within a three-mile radius, the population exceeds 70,000 residents with average household incomes above $110,000. Expanding to five miles, the population grows to over 140,000 residents, underscoring the affluence and density of the St. Augustine market. This combination of strong income levels and rapid population growth makes the area a premier location for national tenants like Panera Bread and Verizon Wireless.

Property Details
The property consists of a newly constructed, high-quality retail center totaling approximately 6,200 square feet on a 1.5-acre parcel. The building is designed to modern specifications with attractive architecture, energy-efficient systems, and ample parking. The site benefits from excellent ingress and egress, strong street visibility, and a strategic hard-corner placement within a thriving retail corridor.

• Panera Bread occupies approximately 3,600 square feet, featuring a modern dine-in space, digital ordering capabilities, and drive-thru access to accommodate growing consumer preferences for convenience.
• Verizon Wireless occupies approximately 2,600 square feet, operating one of the nation’s top-performing cellular retail platforms, offering a full suite of wireless services, devices, and accessories.

Lease Structure and Tenant Guarantee
Both Panera Bread and Verizon Wireless have signed brand-new 10-year triple net (NNN) leases. Under the NNN structure, tenants are responsible for all property operating expenses including real estate taxes, insurance, and maintenance, providing ownership with a truly passive investment.

Panera Bread, a nationally recognized bakery-café brand with more than 2,000 locations, continues to report strong growth and brand loyalty. Verizon Wireless, the largest wireless carrier in the U.S. with more than 140 million subscribers, provides a strong corporate-backed lease guarantee. The combination of these two creditworthy tenants ensures exceptional income security for the investor.

Surrounding Area and Trade Drivers
The property benefits from proximity to strong retail drivers, including grocery-anchored shopping centers, healthcare providers, schools, and residential developments. St. Augustine’s tourism industry, which draws millions of visitors annually, further enhances daily consumer traffic. Ongoing residential and commercial growth in St. Johns County continues to support long-term demand for retail and service tenants.

Investment Highlights

• Two-tenant retail property featuring Panera Bread and Verizon Wireless with brand-new 10-year NNN leases.
• Fee simple ownership of a 1.5-acre parcel with a newly constructed, high-quality 6,200-square-foot building.
• Both tenants responsible for all property operating expenses, ensuring a truly passive investment.
• Prime St. Augustine MSA location with daily traffic counts exceeding 43,000 vehicles.
• Strong demographics: over 70,000 residents within three miles and more than 140,000 within five miles, with average household incomes above $110,000.
• Surrounded by national retailers, grocery anchors, and residential neighborhoods in a thriving retail corridor.
• Corporate-backed leases from nationally recognized brands with proven track records.
• Highly attractive opportunity for 1031 exchange buyers, REITs, institutional investors, and private equity groups.

Buyer Profile and Financing
This property is ideally suited for 1031 exchange buyers, REITs, institutional investors, family offices, and private equity firms seeking a secure, long-term net lease investment with minimal management responsibilities. The combination of corporate-backed tenants, fee simple ownership, and brand-new construction ensures excellent lender acceptance and favorable financing options.

Conclusion
This Panera Bread and Verizon Wireless property in the St. Augustine MSA represents a premier net lease investment opportunity. Featuring brand-new 10-year NNN leases with two nationally recognized tenants, fee simple ownership, and a prime location in one of Florida’s fastest-growing and most affluent markets, the property provides investors with secure, predictable income and long-term value appreciation.

Qualified investors are encouraged to request the full offering memorandum, lease abstracts, and financial details.