March 20, 2024 – Matt Nadler of Horvath & Tremblay has successfully completed the sale of Panera Bread in Huntley, Illinois. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $3,100,000.
The Panera Bread is located at 12032 IL Route 47 in Huntley, Illinois. This was a sale-leaseback of a new construction, build-to-suit Panera Bread. Upon the close of escrow, Panera Bread signed a new fifteen (15) year Absolute NNN lease with three (3), 5-year renewal options. The Property consists of a 3,500 square foot building and features a modern, efficient design with excellent visibility, ample parking, outdoor dining, and a dedicated drive-thru lane. Panera Bread’s lease calls for attractive 1.75% annual rent increases beginning in year 6 of the lease and continuing for the throughout the base term and renewal option periods, providing a steady increase in income and an attractive hedge against inflation. Panera Bread is located at the signalized intersection of Kreutzer Road and IL Route 47, the area’s primary commercial and commuter corridor. The Property enjoys outstanding visibility and frontage and is an outparcel to Huntley Grove, a Walmart anchored shopping center. Huntley Grove, and the Route 47 corridor have seen significant new development over the past few years with the construction of numerous pad-sites and outparcels, all of which are leased to national or regional tenants, demonstrating the strength and growth of the market. The immediate area is home to countless national and local retailers and restaurants that drive traffic to the area. Panera Bread is approximately 2-miles from Interstate 90 and is within 3.3-miles of the Northwestern Medicine Huntley Hospital, and Huntley High School. Additionally, the Property is surrounded by densely populated residential neighborhoods that provide a built-in customer base.
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.