Panera Bread Aspen Dental - Matthews

Panera Bread &

Aspen Dental

508 E Meighan Blvd, Gadsden, AL 35903

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OFFERING MEMORANDUM

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EXCLUSIVELY LISTED BY

GARY CHOU

FVP & Director Gary.Chou@ DIR (310) 919-5827 MOB (714) 928-8016 LIC # 01911222 (CA)

KEVIN CHANG

Associate Kevin.Chang@ DIR (310) 919-5828 MOB (951) 616-8918 LIC # 01976724 (CA)

Kyle Matthews Broker of Record Lic # 110253 (AL)

OFFERING MEMORANDUM

Panera Bread &

Aspen Dental

508 E Meighan Blvd, Gadsden, AL 35903

TABLE OF CONTENTS

04 INVESTMENT HIGHLIGHTS

05

PHYSICAL DESCRIPTION

Property Description Surrounding Tenants

09 TENANT OVERVIEW Panera Bread & Aspen Dental

12

AREA OVERVIEW

Gagsden, AL Birmingham, AL

Investment Highlights

? Long Term Leases ? Both Panera Bread and Aspen Dental recently started their 10-year leases in 2016 expiring in December 2026 (Panera) and April 2026 (Aspen) ? Both tenants have three (3), 5-year options to extend

? Corporate Panera Lease ? Panera, LLC. is the corporate entity for Panera Bread restaurants and is a leader in the fast-casual space with over 2,000 stores nationwide with revenues exceeding $2.6 billion annually

? Corporate Aspen Dental Lease ? Aspen Dental Management, Inc. is the corporate entity for Aspen Dental which is a leading dental provider with over 600 locations nationwide

? Growing Cash Flow ? Panera Bread has 7.00% increases scheduled every 5 years and Aspen Dental has 10.00% increases scheduled every 5 years

? Minimal Landlord Responsibilities - Tenants to reimburse/pay for Taxes, Utilities, and Maintenance responsibilities - Landlord responsible for Parking Lot, Roof and Structure

? Dense Retail Corridor ? Nearby national tenants include Walmart, Burger King, Krispy Kreme, Popeyes, Hobby Lobby, Arby's, Sonic, T.J. Maxx and Taco Bell, amongst others

? Excellent Traffic Counts ? E Meighan Blvd supports over 35,530 cars per day

4

Physical Description

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