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Panera Bread 2405 W 9 Mile Rd

3,557 SF Retail Building Pensacola, FL 32534 $4,750,819 CAD ($1,336 CAD/SF) 5% Cap Rate

Investment Highlights

  • Strong corporate guarantee from Panera, LLC, a subsidiary of JAB Holdings
  • No landlord management, ideal for passive investors
  • High-quality construction designed to Panera Bread’s latest prototype, featuring a drive-thru lane and outdoor seating
  • Panera Bread is one of the most successful restaurant companies, supported by JAB Holdings, which owns several major brands including Krispy Kreme

Executive Summary

This Panera Bread is excellently positioned in a high-traffic area along 9 Mile Road, the main retail corridor servicing Pensacola. The site is easily accessible and benefits from proximity to Interstate 10, which ensures consistent traffic f low and visibility. The surrounding area is home to a robust mix of national retailers, hotels, and residential developments, which contribute to a steady stream of potential customers.
The property is within 0.5 miles of ramps leading to and from Interstate 10, providing easy access to both local residents and travelers. Additionally, the location is supported by significant traffic counts from nearby Pine Forest Road and Pensacola Boulevard, further enhancing the site’s visibility and accessibility.
This newly constructed Panera Bread features a modern design, incorporating the latest in energy-efficient materials and systems. The 3,557-square-foot building is optimized for customer flow, with a well-designed interior layout that supports both dine-in and take-out operations. The inclusion of a drive-thru lane and outdoor seating area provides additional convenience for customers, catering to the growing demand for quick-service options.
Set on a spacious 1.20-acre parcel, the property offers ample parking and smooth ingress and egress, which are critical for maximizing customer turnover and sales. The prominent signage along 9 Mile Road and Pine Forest Road ensures that the location is highly visible, drawing in both local traffic and visitors passing through the area. The property’s strategic placement within a rapidly developing commercial corridor positions it for strong performance and long-term value appreciation.

Property Facts

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,557 SF
Building Class
B
Year Built
2024
Price
$4,750,819 CAD
Price Per SF
$1,336 CAD
Cap Rate
5%
NOI
$237,506 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Land Acres
1.20 AC
Frontage
290 ft on West 9 Mile Road

Amenities

  • Air Conditioning

Nearby Major Retailers

Walmart Neighborhood Market
United Rentals
Hot Head Burritos
Synovus Bank
Starbucks
Publix
Beef O' Brady's
Cracker Barrel Old Country Store
Ruby Tuesday
Waffle House

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
11-1S-31-1201-001-001
Land Assessment
$265,754 CAD
Improvements Assessment
$0 CAD
Total Assessment
$265,754 CAD
  • Listing ID: 33156489

  • Date on Market: 2024-09-12

  • Last Updated:

  • Address: 2405 W 9 Mile Rd, Pensacola, FL 32534

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