2820 East Germann Road Chandler, AZ 85286

Posted: 08/14/2017 4:13 pm | On HOMEiZ: 2449 days | Updated: 6 years ago | Views: 3477

Location Map

Property Type

Property status

Sold

Property Price

Asking Price

$2574250

Last Sold Price

$2574250

Last Sold Date

07/12/2017

Property Location & Description

Listing Headline

2820 East Germann Road Chandler, AZ 85286

Property Description

Panera Bread is located at 2820 East Germann Road in Chandler, Arizona. Chandler is a city in Maricopa County, and it is a prominent suburb of the Phoenix Metropolitan Statistical Area, the 12th-largest Metropolitan Area in the nation by population.

Tenant Information

Tenant Overview

National Tenants (Public company)

No. of Locations

2,000

Headquarters

St. Louis, MO

Tenancy Type

Tenancy

Single

Tenant is a Franchise

Yes

Number of Tenants

Corporate Overview

Property Overview

Year built

2017

Overall Property Condition

Excellent

Construction Status

Exist

Total Building Sq. Ft.

4500

Total Lot Size

1.38 Acres

Net Leasable Area

4500 Sq. Ft.

Parking Type

Off-street

Distressed

Number of Floors

Income

Commission split %

N/A%

Price per Sq. Ft.

$572

Cap Rate

4.75%

NOI

$122277

Rent to sales ratio

Annual Property Tax Rate for this property

Responsibility for Property Tax increase

Tenant

Lease overview

Rent Commencement

07/12/2017

Lease Expiration

07/12/2037

Lease Remaining Years

years: 20

Renewal Options

Annual Rent Increase %

N/A%

Lease Guarantor

Guarantee Type

Cooperate

Lease Structure

Lease Type

100% Absolute Triple Net Lease (NNN Lease)

Sewer

Type of Sewer

Sewer System (Public)

Investment Overview

Type of use

Investor

Ownership Overview

Ownership Type

Fee simple absolute

Property Highlights

More information

Listing Info

Listing ID: 661

Sold

For Sale

$2,574,250

Listing Presented by

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2820 East Germann Road . Chandler , AZ 85286