Panera Bread Triple Net (NNN) Lease Properties For Sale
Panera Bread NNN Lease Properties for Sale are a top choice for 1031 Exchange investors who want to put their cash into a stable and proven business concept. Panera Bread is a leader in the fast-casual restaurant industry; the brand offers a reliable way to generate passive income through a chain known for high-quality real estate and consistent performance.
Investment Highlights
- Lease Terms: Most Panera Bread properties feature a 15 to 20-year Absolute NNN Lease. Under this structure, the tenant is responsible for all property expenses; this includes taxes, insurance, and all maintenance, leaving the landlord with no management duties.
- Rental Increases: These leases typically include 10% rent increases every five years, which helps the investment value grow alongside inflation.
- Cap Rates: Investors can generally expect Cap Rates between 5.50% and 6.00% for corporate-guaranteed leases, depending on the location and the time remaining on the lease (Investment Grade, 2026).
- Real Estate Locations: Panera Bread selects high-traffic, prime locations. You will find these bakery-cafes in urban centers, affluent suburban areas, and as anchors in prominent strip malls or regional shopping centers.
Tenant Profile
- Private Ownership: Panera Bread was taken private in 2017 by JAB Holding Company; it is currently part of the Panera Brands portfolio, which also includes Caribou Coffee and Einstein Bros. Bagels (The Motley Fool, 2026).
- Financial Strength: As of 2026, Panera Bread has set a strategy to reach over $7 billion in system-wide sales by 2028 (Panera Bread Press Room, 2025). The company remains a dominant player in the fast-casual sector with a strong balance sheet.
- Store Count: Panera Bread operates approximately 2,244 locations across 49 U.S. states and territories (LocationsCloud, 2026).
- Key Markets: The brand has a significant presence in major states; Florida, California, and New York host the highest number of locations in the country.
Why Partner with Casablanca?
At CASABLANCA, we focus entirely on NNN Investment Properties and the 1031 Exchange process. We do not just show you listings; we act as your buyer representative to help you find the best Panera Bread locations based on your specific criteria and risk tolerance. We understand the tight deadlines of an exchange and work to negotiate and close the deal so you can secure a stable, passive income stream.
We Are the Brokers that Give You More…
- We represent our Buyers for Free, so you get our expert advice at no additional cost to you.
- Up to $10,000 credit towards Buyer’s Closing Costs.
- We specialize in representing Triple Net (NNN) Buyers and 1031 Exchange Investors. We represent your interests as a Buyer exclusively, not the Seller.
- We have comprehensive knowledge of the triple net market.
- Extensive access to any property on or off the market nationwide.
- Our main goal is to find the best property for you at the best price.
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