Property Highlights
- Rare, newly constructed Panera Bread with drive-thru in the Miami Metropolitan Area
- New 10 year Corporate Ground Lease with zero landlord maintenance obligations
- Below market rent, priced below replacement cost
- Infill market with high barriers to entry and AHHI of over $87,000 within 3 miles
- Outparcel to Botanica, a new mixed-use development anchored by a 24-Hour Walmart Supercenter, LA Fitness and 900 residential units
- SW 152nd St. carries 53,500 cars per day and is a major retail thoroughfare with connectivity to the FL Turnpike
- 10% rent increases provide hedge against inflation
- Panera Bread operates approximately 2,300 bakery cafes across the U.S. and Canada and was the best performing restaurant stock of the last 20 years, delivering a total shareholder return up 86-fold
- Florida has no state income tax