July 15, 2022 – Matt Nadler, Jason Woods, Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of Panera Bread in Fayetteville, Georgia. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $2,870,369.
Panera Bread is located at 104 Ellis Road in Fayetteville, Georgia. The property is comprised of a 3,950 square foot single-tenant building with a drive-through lane on 1.45 acres of land. Panera was constructed in 2013 and has 10+ years remaining on their Triple Net (NNN) Lease. The lease calls for attractive scheduled rent increases every five-years throughout the base term and at the start of each renewal option. Panera Bread is well positioned at the signalized intersection of Ellis Street and GA Route 85, the area’s primary commercial and commuter corridor. Panera Bread is less than 0.5-miles from the Fayette Pavilion Shopping Mall, the area’s largest regional shopping center that is home to countless national retailers that drive traffic to the area including Walmart Supercenter, Target, Home Depot, Publix, Marshalls, DSW, and Kohl’s. The Property benefits from outstanding visibility and frontage and sees more than 30,000 vehicles per day along GA Route 85.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.