Panera Bread - Arroyo Grande, CA

SHOP Companies is pleased to present a compelling opportunity for qualified investors to acquire a single-tenant, free-standing Panera Bread Bakery-Café with Drive-Thru, located in Arroyo Grande, CA, just five minutes from the beach in San Luis Obispo County. This property is secured by a corporate lease with over 10 years remaining on the initial term and features attractive 12% rental escalations every five years.

The 3,722-square-foot building is situated on a spacious 0.47-acre pad at the signalized hard corner of W Branch Street and Camino Mercado, which serves as the on/off ramp for Highway 101—California’s iconic coastal highway. “The 101” connects Los Angeles to Washington State and records over 66,200 VPD at the Camino Mercado Exit.

Originally opened as a franchise in 2013, operations were taken over by Panera Bread Corporate ("Panera, LLC") in October 2024, a transition that underscores the long-term strength of this location. Single-tenant, drive-thru properties are exceptionally scarce in San Luis Obispo County due to high development density and municipal restrictions, adding to the property's rarity and value. With only one five-year tenant option period, investors can anticipate future upside potential in less than 15 years.

In Association with Scott Reid & ParaSell Inc. | A Licensed California Broker # 02101543