Panera Bread

Investment Overview

Brand new NNN leased Panera Bread w/ 10 years remaining on the initial lease term and 20 additional years of extensions with 10% rent step ups every 5 years. 5.75 CAP rate is competitive for this ideally located Panera in Camp Hill, PA, a suburban submarket of Harrisburg, PA. Located in the recently developed Poplar Square mixed use center, this newly constructed 2,600 square foot Panera prototype incorporates a double drive through pick up lane and other efficiencies that make the restaurant state-of-the art for 2026 and beyond. Panera is a condo unit connected to a newly built dental office condo that is also subject to a long term NNN lease. Future phase of Poplar Square will include a 5-story high end apartment and office complex. Immediately adjacent neighbors include Sheetz, Starbucks, First Watch, Charles Schwab and UPMC Holy Spirit Hospital. ANNUAL RENTS years 1-5: $132,600; years 6-10: $145,860; Renewals: years 11-15: $160,446; years 16-20: $176,488; years 21-25: $194,142; years 26-30: $213,538.

Investment Highlights

• Newly constructed 2,600 SF condo
• Zoned for commercial use
• Prime location in Camp Hill, PA (Harrisburg submarket)
• Double drive thru lane