It is a newly built fast-food restaurant, located in one of the towns on the shores of Chautauqua Lake, New York state.
Description
The building was constructed in 2014.
The total area is 404 m².
The plot of 5,787 m².
The property is fully leased to a major company.
Financial performance
Absolute income is 180,525 $.
The current yield of 5%.
Tenants
Tenant is Panera Bread, fast-food chain with nearly thirty years of history.
Panera Bread includes about 1,800 branches.
The annual turnover of the company is $ 1,8 billion. The staff consists of more than 40,000 employees.
The Triple Net Lease lease agreement is signed until 2029 with an extension options for 3x5 years and 10% rental rate increase every 5 years.
All operating and repair costs are borne by the lessee.
