For Sale
$3,714,000

15607 Highway 105Montgomery, TX 77356

High-yield Panera Bread investment. Strong lease terms.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a freestanding Panera Bread restaurant located at 15607 Highway 105 W, Montgomery, Texas 77356, in Montgomery County. The property, built in 2016, boasts 4,354 square feet on a 1.585-acre lot and includes a convenient drive-thru lane and outdoor patio seating. The current tenant, a multi-unit franchisee operating approximately 20 Panera Bread locations in Texas, is under a Net Lease (NNN) agreement with a primary term extending until November 30, 2031. This lease includes three five-year renewal options, each with an 8% rent increase. The current annual Net Operating Income (NOI) is $211,680, resulting in an attractive 5.70% capitalization rate. The asking price for this well-established, high-performing restaurant is $3,714,000. This property offers a compelling combination of a strong tenant, long-term lease, and significant upside potential, making it an ideal addition to any investment portfolio. The property's location in the Lake Conroe area provides excellent visibility and accessibility.

Highlights

  • Freestanding Panera Bread restaurant in Montgomery, TX.
  • 4,354 SF building on a 1.58-acre lot, built in 2016, with drive-thru and patio.
  • Net Lease (NNN) with Panera Bread through November 2031, plus three 5-year options with 8% rent increases.
  • Current NOI: $211,680; Cap Rate: 5.70%; Asking Price: $3,714,000.
  • Excellent visibility and accessibility in the Lake Conroe area.

Property Details for 15607 Highway 105

Property type
Retail properties, Restaurants
Square Feet
4,354 SF
Year Built
2016
Lot Size (sq. ft)
69,043 SF

Location Insight

City
Montgomery
County
Montgomery
State
Texas
Latitude
30.4502629
Longitude
-95.6878736
15607 Highway 105, Montgomery, Texas

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15607 Highway 105
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