Panera Bread NNN Properties for Sale
6 live Panera Bread listings as of October 7, 2026.
Panera Bread cap rates by band
| Cap rate band | Listings | Average asking price |
|---|---|---|
| Under 5.00% | 2 | $3.98M |
| 5.00% – 5.99% | 3 | $3.51M |
| 7.00% – 7.99% | 1 | $3.86M |
Panera Bread listings by state
| State | Listings | Average cap rate |
|---|---|---|
| Florida | 1 | 4.80% |
| Massachusetts | 1 | 5.50% |
| North Dakota | 1 | 7.00% |
| Ohio | 1 | 5.75% |
| Pennsylvania | 1 | 5.50% |
Panera Bread remaining lease term
| Remaining term | Listings | Average cap rate |
|---|---|---|
| 5 – 9.9 years | 2 | 6.38% |
| 10 – 14.9 years | 3 | 5.27% |
| 15+ years | 1 | 4.90% |
Buying Panera Bread in a 1031 exchange
In a 1031 exchange, replacement property must be identified within 45 days of selling the relinquished property and the purchase must close within 180 days. A qualified intermediary holds the sale proceeds in between. Speak with your own tax adviser about your situation.
4 of the 6 live Panera Bread listings have 10 or more years of primary lease term remaining (as of October 7, 2026).
Panera Bread due-diligence checklist
- Read the full lease: confirm the firm term, renewal options, rent schedule and every landlord responsibility.
- Confirm who guarantees the lease (corporate, franchisee or personal) and review the guarantor’s financial statements where available.
- Order tenant estoppel and SNDA documents before closing.
- Review the title commitment, survey and zoning report for the parcel.
- Commission a Phase I environmental site assessment.
- Inspect the roof, structure, parking lot and HVAC, and confirm any warranties.
- Verify property tax, insurance and CAM reimbursements against the lease.
- Review store-level sales or rent-to-sales data if the tenant reports it.
Panera Bread net lease FAQ
How many Panera Bread net lease properties are for sale?
Net Lease World shows 6 live Panera Bread listings as of October 7, 2026.
What cap rates are Panera Bread properties listed at?
Live Panera Bread listings with a published cap rate range from 4.80% to 7.00%, with a median of 5.50% (as of October 7, 2026). These are asking cap rates, not closed sales.
What is the typical asking price for a Panera Bread property?
The median asking price across live Panera Bread listings with a published price is $3.69M (as of October 7, 2026).
Which states have the most Panera Bread listings?
Florida (1), Massachusetts (1), North Dakota (1). Listings appear in 5 states in total (as of October 7, 2026).
How much lease term is left on Panera Bread listings?
The median remaining primary lease term is 11.3 years; 4 listings have 10 or more years remaining (as of October 7, 2026).
Live Panera Bread listings
- Panera Bread — Clarion, PA · Asking $2.86M · 5.50% cap rate
- Panera Bread — Cincinnati, OH · Asking $3.53M · 5.75% cap rate
- Panera Bread · Asking $3.25M · 4.90% cap rate
- Panera Bread — Four Corners, FL · Asking $4.70M · 4.80% cap rate
- Panera Bread & Mattress Firm — Minot, ND · Asking $3.86M · 7.00% cap rate
- Panera Bread — Boston, MA · Asking $4.13M · 5.50% cap rate