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Panera | Fairfield County, CT Location | Top 92% Placer

Monroe, Connecticut

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NNN Pro Group is pleased to present the exclusive listing for a Panera Bread located at 205 Monroe Turnpike in Monroe, CT. The site consists of roughly 3,482 rentable square feet of building space on estimated 1.85-acre parcel of land. This Panera Bread is subject to a 15-year double-net (NN) lease, which commenced December 31, 2022. The new Aldi next door can also be acquired from the same seller, see P.14 for more info!

✓ Long-Term, 15-Year Double-Net (NN) Lease | Roof Warranty In Place
✓ Extremely Strong Sales | Ranked in the 92nd Percentile Nationally & 90th Percentile in CT on Placer.ai* (Contact Listing Agent for More Info)
✓ Approximately 13.75 Years Remaining
✓ New Construction | Store Opened in 2023 | Drive-Thru |Protype Panera Design
✓ Ten Percent (10%) Rental Increases Occurring Every Five (5) Years
✓ Three (3), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 30 Years

Key Details

Price:
$3,369,790
Cap Rate:
4.75%
Annual Rent:
$160,065
Address:
205 Monroe Tpke, Monroe, Connecticut 06468
Property Type:
Retail
Lease Type:
Double-Net

Original Lease Term:
15 Years
Lease Commencement:
December 31, 2022
Lease Expiration:
December 31, 2037
Lease Term Remaining:
13.75
Rental Increases:
10% Every 5 Years & In Options
Lot Size:
1.85 Acres
Building Size:
3,482 SF
Year Built:
2023
Tenant:
Panera | Fairfield County, CT Location | Top 92% Placer

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Josh Kanter

License: 10401294056

Anthony D’Ambrosia

License: 10401294012

Stewart Hickey

License: 10401370869

Broker of record

Brian Brockman

Bang Realty-New England, Inc

License: REB.0792373


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