Offered for sale is a newly constructed ground leased Panera Bread, ideally positioned at the signalized intersection of Jessup Road and Shannon’s Glen Drive in Jessup, Maryland. The 20-year ground lease includes 10% rental increases every five-years throughout the primary term and option periods (four, five-year). Panera greatly benefits from their proximity/connectivity to the National Business Park (2M square feet of existing office space with another 2M square feet under construction) and the National Security Agency (38,000 employees; hiring and additional 1,000 employees annually); serving as the area’s primary breakfast/lunchtime option. The offering is a rare opportunity to acquire a long-term ground lease backed by a premier tenant; surrounded by office and residential development in the highly coveted Baltimore/Washington metropolitan area.

Property Highlights.

  • Brand new prototype with drive-thru
  • 20-year absolute net ground lease with four, five-year options thereafter
  • 10% rental increases every five-years
  • Ideal 1031 exchange opportunity

Demographics & Market Stats.

  • Proximity/connectivity to National Business Park and NSA headquarters
  • Adjacent to The Elms at Shannon’s Glen (364 luxury apartments)
  • Adjacent to 115 newly constructed townhomes by Lennar
  • Nearly $481M in annual consumer spending on food and alcohol with a five-mile radius

Offered for Sale.

LIST PRICE: $2,316,000

For More Information.

Danny Brooker
202.772.0530 | dbrooker@monumentretail.com

Rich Sillery
202.777.2005 | rsillery@monumentretail.com

Valerie Mnayarji
202.772.0523 | vmnayarji@monumentretail.com