• Brand new 15-year lease with 3 (5-year) options to extend, demonstrating their long-term commitment to the site • The lease features 8% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation • The lease is signed by Panera, LLC, a subsidiary of the corporate entity • Panera Bread, which was acquired by JAC Holding Company in 2017, is a leading quick-casual restaurant brand with over 2,180 locations BAILEY BENSON Director, Brokerage Operations Sage Real Estate Solutions, LLC bbenson@sagepartners.com D: 479.845.3021 | M: 479.871.6160 5100 W. JB Hunt Drive, Suite 800 Rogers, AR 72758 AR License No. SA00072817