For Sale

Panera Bread

1555 Coshocton Ave,
Mount Vernon, OH 43050

Asset Snapshot

Regional Mall
Retail Subtype
2015
Year Built
1.10 Acres
Land Area
100%
Occupancy

Offering Summary

Investment Overview

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Investment Highlights

  • LEASE IN PLACE THROUGH SEPTEMBER 2027 — Panera has ceased operations but remains under lease through August 31, 2027, with scheduled annual rent of $138,000
  • WALMART & ALDI OUTPARCEL — Positioned at the signalized entrance serving Walmart Supercenter and ALDI, providing exposure to established shopping traffic
  • MODERN DRIVE-THRU RESTAURANT — Built in 2015, the approximately 4,000 SF building features an existing drive-thru on a 1.1-acre parcel
  • HIGH-VISIBILITY RETAIL LOCATION — Frontage along Coshocton Avenue offers visibility to approximately 20,149 vehicles per day within an established retail corridor
  • SALE OR LEASE OPPORTUNITY — Available for acquisition or a replacement tenancy, with possession and delivery subject to resolution of the existing Panera lease
  • INCOME DURING REPOSITIONING — The existing absolute net lease provides contractual income while ownership pursues a replacement tenant and plans the property’s next use

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Listing Syndicated From

Buildout
Accepting Offers
$1,750,000
Asking Price

Investment Sales Broker

Brent Hanna
Encore Real Estate Investment Services

Market Insights