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160 Coolridge St, Hendersonville, NC 28792, Hendersonville, NC, 28792

Panera Bread
$3,662,470

Key Information

Cap Rate
5.75%
Tot. SF
4,116
Lot Size
2 Acres
Year Built
2021
Term Remaining
±10 YRS
Type
Retail
NOI
$210,588

Highlights

  • Irreplaceable Market Positioning – Property is situated along the prime retail corridor in the city with daily traffic counts that exceed ±36,000 VPD and strong retail synergy that drives consistent consumer exposure and long-term security.
  • On-Site Tesla Ev Chargers – The property features 12 on-site Tesla Superchargers that contribute directly to NOI, providing an additional diversified income stream. As the only Tesla charging location in the city, the site benefits from a unique competitive advantage and consistent high-dwell traffic. Continued national growth in EV adoption further enhances the long-term relevance and desirability of the property relative to competing retail locations.
  • Long Term NNN Lease – With approximately ±10 years remaining on the Panera Bread lease, investors benefit from extended income certainty.
  • Proximity To National Tenants – Property is strategically located in the city’s main retail corridor with proximity to national retailers like Home Depot, Lowes, Aldi, Tractor Supply, McDonald’s and more.
  • Nationally Recognized Tenant – Panera Bread is a nationally known fast-casual brand with over 2,000 locations nationwide, providing strong brand recognition and proven scalability.
  • Strong Guaranty From Largest Panera Bread Franchisee – Covelli Enterprises is recognized as one of the best Panera Bread franchisees in the country, operating ±300 locations across 8 states.

Photos

Location

Agents

Broker of Record

Gerard Hamas

License # 362768 (NC)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500 Nashville, TN 37203