Panera Bread | Asheville, NC

Sands Investment Group is Pleased to Present the Panera Bread NNN Lease Investment Opportunity Located in The Peaks Center in Asheville, North Carolina.


  • Triple Net (NNN) 15 Year Lease With Minimal Landlord Responsibilities
  • Brand New Construction Stand Alone Building With Fall 2019 Anticipated Opening Date
  • Growing NOI and Hedging Against Inflation With Attractive Rent Increases – 10% Every 5 Years and At Options
  • Strong Brand Recognition – Panera Bread is One of the Fastest-Growing Chains
  • Franchisee Guarantee – Dalcan, LLC – a Subsidiary of Covelli Enterprises – the Largest Panera Bread Franchisee in the Country
  • Covelli Enterprises Operates Over 315 Locations Across 8 States Nationwide
  • Benefits From Dedicated Drive-Thru Providing Additional Customer Convenience and Opportunity to Increase Sales Revenue


  • The Peaks is a Newly Developed Retail Center With National Credit Tenants Including Chick-fil-A, Sleep Number, Blaze Pizza and Rise Southern Biscuits & Righteous Chicken
  • Neighboring Parcels Under Development For Future Retailers
  • High Profile Location Along Dense Growth (Residential and Retail) Corridor in Asheville, NC
  • Located Across From Asheville Mall (974,399 SF) With Select National Credit Tenants Including Dillard’s, JCPenney, Barnes & Noble, Old Navy, Belk, Ulta – Asheville Mall is Slated For Redevelopment
  • Strategic Positioning With Direct Access to the Newly Developed Asheville Market With National Credit Tenants Including Whole Foods, DSW Shoe Warehouse, Guitar Center and More
  • The Asheville Market Sees Over 10 Million Visitors Annually and Generates Over 2.5 Billon in Gross Revenue in Business Sales Each Year
  • Less Than 3-Miles From Biltmore Estate and Biltmore Village – Tourist Destination That Garners Over 1 Million Visitors Annually
  • 5-Miles From UNC Asheville Campus – Student Enrollment of Over 3,600 People


  • Ideally Positioned Along Tunnel Road With Visibility From I-240, Tunnel Road and S Tunnel Road
  • Tunnel Road Corridor is the Number 1 Retail Corridor in Western North Carolina
  • Three Signalized Intersections Surrounding Shopping Center Giving Multiple Points of Entry For Easy Ingress and Egress
  • Close Proximity to I-40 & I-240 Interchange
  • Prominent Signage Along Tunnel Road
  • Location Benefits From Additional Traffic From Proximity and Cross Access Easement to Additional National Retailers


  • Located in the Principal City of Asheville MSA With a Population of 462,067 Residents
  • Population of 210,500 People Within a 10-Mile Radius and Over 92,900 People Within a 5-Mile Radius
  • Growing Trade Area – Population Within 3-Miles is Anticipated to Grow by 5.21% Over the Next 5 Years
  • Over 22,982 Vehicles Travel Along Tunnel Road Daily
  • Interchange of I-240 and Tunnel Road Sees Traffic Counts Exceed 82,332 Vehicles Daily
  • Affluent Demographics With Large Customer Base
  • Consumer Spending on Food and Restaurant Dining Exceeds $576,000 Annually Within a 10-Mile Radius of Panera
  • Forbes Listed Asheville Among the ”15 Coolest Places to Go” in 2018

In Cooperation With Sands Investment Group North Carolina, LLC Lic. # 29362

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