10405 Southpointe Boulevard

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NN leased Panera Bread investment property located in Louisville, Kentucky. The tenant, Panera, LLC, has approximately 11 years remaining on its 15 year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with minimal landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. The Panera Bread is located at the signalized, hard corner intersection of US Hwy 150 and Southpointe Blvd. US Hwy 150 averages over 46,700 vehicles passing by daily and is a major retail thoroughfare serving the city of Louisville. The asset will be an outparcel to a future Hy-Vee grocery store anchored center that also features national/credit tenants including Bank of America and Bubba’s 33 pads.