PNC Bank & Panera Bread

Net leased, 2 tenant retail building with double drive-thru occupied by corporate PNC Bank and corporate Panera Bread. 10+ years remaining on original 20-year lease with PNC with four (5) - year options. Panera Bread recently completed a $350,000 interior remodel/refresh of the property, showing its commitment to the location, and also exercised an early 5-year extension. Panera extension runs through the end of 2031 and there are two (5)-year options remaining. Rent increases every 5 years and at options. The NNN lease structure requires the tenants to pay for taxes, insurance, and common area maintenance, while the Landlord is responsible for roof, structure, and parking lot. Parking lot sealed and striped in late 2024.

New construction in 2016 on Home Depot out lot with 175 feet of frontage along dominant, regional commercial retail corridor with 40,000 VPD. Property in state Brownfield Program to protect current and future ownership from legacy groundwater contamination resulting from dry-cleaning operation that was located across Dixie Highway and closed decades ago. No operating restrictions at site (per state). Minimal local management responsibilities, expenses covered by CAM passthrough. Current property management company available to continue managing if needed by non-local, out-of-state buyer.