Panera Bread
(Ground Lease)
GAINESVILLE, FL
OFFERING MEMORANDUM
Panera Bread (Ground Lease)
GAINESVILLE, FL
CONFIDENTIALITY AND DISCLAIMER
The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be
reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or
entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary,
unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property.
The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not
made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject
property, the future projected financial performance of the property, the size and square footage of the property and
improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal
regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant,
or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this
Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified,
and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation
regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the
information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.
NON-ENDORSEMENT NOTICE
Marcus & Millichap Real Estate Investment Services, Inc. (“M&M”) is not affiliated with, sponsored by, or endorsed by any
commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not
intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of M&M, its affiliates or
subsidiaries, or any agent, product, service, or commercial listing of M&M, and is solely included for the purpose of providing
tenant lessee information about this listing to prospective customers.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR
MARCUS & MILLICHAP AGENT FOR MORE DETAILS.
Panera Bread (Ground Lease)
GAINESVILLE, FL
NET LEASED DISCLAIMER
Marcus & Millichap hereby advises all prospective purchasers of Net Leased property as follows:
The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable.
However, Marcus & Millichap has not and will not verify any of this information, nor has Marcus & Millichap
conducted any investigation regarding these matters. Marcus & Millichap makes no guarantee, warranty or
representation whatsoever about the accuracy or completeness of any information provided.
As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and
completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute
for your thorough due diligence investigation of this investment opportunity. Marcus & Millichap expressly denies
any obligation to conduct a due diligence examination of this Property for Buyer.
Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not
represent the current or future performance of this property. The value of a net leased property to you depends on
factors that should be evaluated by you and your tax, financial and legal advisors.
Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of
any net leased property to determine to your satisfaction with the suitability of the property for your needs.
Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors
must request and carefully review all legal and financial documents related to the property and tenant. While the
tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success.
Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be
set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area.
Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail
to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market,
economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible
for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any
long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or
abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant
considering the location of the property, and Buyer’s legal ability to make alternate use of the property.
By accepting this Marketing Brochure you agree to release Marcus & Millichap Real Estate Investment Services
and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or
purchase of this net leased property.
Panera Bread (Ground Lease)
TABLE OF CONTENTS
Section 1
PRICING AND FINANCIAL ANALYSIS
Section 2
PROPERTY DESCRIPTION
Section 3
DEMOGRAPHIC ANALYSIS
PRICING AND FINANCIAL ANALYSIS
Panera Bread (Ground Lease)
GAINESVILLE, FL
Panera Bread (Ground Lease)
PRICING AND FINANCIAL ANALYSIS
GAINESVILLE, FL
FINANCIAL OVERVIEW
Location
Annualized Operating Data
6017 Newberry Road
Gainesville, FL 32605
Rent Increases
Price
Down Payment
Rentable Square Feet
$3,195,000
100% / $3,195,000
4,600
Annual Rent
Monthly Rent
Years 1-5
Year 6-10
$159,750.00
$167,737.50
$13,312.50
$13,978.13
Year 11-15
$184,511.25
$15,375.94
Years 16-20 (option 1)
$202,962.37
$16,913.53
Years 21-25 (option 2)
$223,258.61
$18,604.88
$245,584.47
$20,465.37
$159,750
$694.57
Years 26-30 (option 3)
Base Rent ($34.73/SF)
CAP Rate
5.00%
Net Operating Income
Year Built
2014
Price/SF
Lot Size
Type of Ownership
Total Return
$159,750
5.00% / $159,750
.73 acres
Fee Simple
Tenant Summary
Tenant Trade Name
Ownership
Tenant
Lease Guarantor
Panera Bread
Public
Franchisee
Franchisee Guarantee
Lease Type
NNN Ground Lease
Roof and Structure
Tenant Responsible
Lease Term
15 Years
Lease
9/1/14 est.
Rent
9/1/14 est.
Lease Expiration
Term Remaining on
Increases
Options
8/31/29 est.
15 Years
5% in yr 6 then 10% every 5 yrs
3x 5-Years
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to
the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any
inaccuracies. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services of
Florida © 2014 Marcus & Millichap
1
Panera Bread (Ground Lease)
GAINESVILLE, FL
PRICING AND FINANCIAL ANALYSIS
TENANT OVERVIEW
Property Name
Property Address
Panera Bread (Ground Lease)
6017 Newberry Road
Gainesville, FL 32605
Property Type
Rentable Square Feet
Tenant Trade Name
Ownership
Tenant
Lease Guarantor
Panera Stock Symbol
Board
Lease Commencement Date
Rent Commencement Date
Lease Expiration Date
Term Remaining on Lease
Net Leased Restaurant - Other
4,600
Panera Bread
Public
Franchisee
Franchisee Guarantee
PNRA
NASDAQ
9/1/14 est.
9/1/14 est.
8/31/29 est.
15 Years
Lease Type
NNN Ground Lease
Roof and Structure
Tenant Responsible
Lease Term
15 Years
Year 1 Net Operating Income
$159,750
Increases
Options to Renew
5% in yr 6 then 10% every 5 yrs thereafter
3x 5-Years
Options to Terminate
None
Options to Purchase
None
First Right of Refusal
None
No. of Locations
Headquartered
Web Site
250+ Panera Bread
Warren, Ohio
http://wifi.covelli.com/panera/about/
Franchisee Profile
Years in the Business
Other Concepts Owned
40+
O'Charley's, Dairy Queen
Covelli Enterprises is the single largest franchisee of Panera Bread and O’Charley’s Restaurants and was recently named the 4th largest restaurant
franchisee in the nation. In May 2012, Covelli was the first Panera Bread franchisee to take the concept international with a record-breaking
opening in Toronto, Canada. By the end of 2013, Covelli Enterprises operated over 250 Panera Bread locations in Ohio, Pennsylvania, West
Virginia, Kentucky, Florida and Toronto, Canada.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to
the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any
inaccuracies. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services of
Florida © 2014 Marcus & Millichap
2
Panera Bread (Ground Lease)
GAINESVILLE, FL
PRICING AND FINANCIAL ANALYSIS
TENANT OVERVIEW
About Panera Bread Franchisee:
COVELLI ENTERPRISES
Originally a McDonald's franchisee for decades, Covelli Enterprises sold its fast-food stores in the late 1990s
and formed a relationship with a small bakery-cafe chain called the St. Louis Bread Co. That business grew into
Panera Bread, and Covelli became its largest franchisee. Based in Warren, OH the company currently employs
over 25,000 people. The company is the single largest franchisee of Panera Bread and O’Charley’s Restaurants
and was recently named the 4th largest restaurant franchisee in the nation. In May 2012, Covelli was the first
Panera Bread franchisee to take the concept internationally with a record-breaking opening in Toronto,
Canada. By the end of 2012, Covelli Enterprises had over 220 Panera Bread locations in Ohio, Pennsylvania,
West Virginia, Kentucky, Florida and Toronto, Canada. By the end of 2013, Covelli Enterprises owns and
operates more than 250 Panera Bread locations.
Covelli opened his first O’Charley’s Restaurant in Niles, OH in 2006 and his second in Erie, PA in 2007. Since
then he has opened three additional sites in Boardman, Cuyahoga Falls and Orlando, FL. Covelli plans to open
another O’Charley’s location in Northeast Ohio in 2013. In 2012, Covelli Enterprises took on a third
restaurant concept and began developing Dairy Queen locations. The company currently owns 9 Dairy Queen
stores in the Northeast Ohio region with plans for more growth this year.
Covelli Enterprises has a long-standing history giving back to the community. Throughout its existence, the
company has donated millions of dollars to local charitable organizations. Covelli is also host to several largescale community fundraising events. Covelli Enterprises supports many charities in each of the markets in
which their restaurants are located.
In 2009, Covelli Enterprises took over the naming rights of the now named Covelli Centre located in
downtown Youngstown. The $42 million arena hosts concerts, hockey games and special events with its large
seating capacity of 7,000. In 2012, Covelli made the largest donation in history to the Ohio State Athletics
Department to assist in funding the construction of a multi-sport arena. The $10 million gift will provide
critical amenities for student-athletes in men’s and women’s volleyball, gymnastics, fencing and wrestling,
including new locker rooms, offices, training and treatment rooms.
Covelli Enterprises continually wins the most awards for exceptional service, cleanliness, customer service and
expansive growth of its locations. For all his achievements, Covelli has earned numerous awards including: 2005
Entrepreneur of the Year for Northeast Ohio by Ernst & Young, YSU Alumni Association Distinguished
Citizen of the Year, Youngstown Area Restaurateur of the Year, and 2009 Ohio Entrepreneur of the Year.
Covelli attributes his success to the hiring of dedicated and passionate employees who deliver superior customer
service in clean and friendly environments.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to
the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any
inaccuracies. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services of
Florida © 2014 Marcus & Millichap
3
Panera Bread (Ground Lease)
GAINESVILLE, FL
PRICING AND FINANCIAL ANALYSIS
PANERA BREAD COMPANY
NASDAQ Ticker Symbol: PNRA
Company Headquarters:
3630 South Geyer Road Suite 100
St. Louis, MO 63127
With the single goal of making great bread broadly available to consumers across America, Panera Bread freshly bakes
more bread each day than any bakery-cafe concept in the country. Every day, at every location, trained bakers craft
and bake each loaf from scratch, using the best ingredients to ensure the highest quality breads. Panera Bread bakerycafes showcase the art and craft of bread making, helping customers truly appreciate and enjoy a great loaf of bread by
studying its crust, crumb and craft. Panera Bread understands that great bread makes great meals, from made-to-order
sandwiches to tossed-to-order salads and soup served in bread bowls. Panera Bread is expanding quickly across North
America, operating 1,673 company-owned and franchise-operated bakery-cafes in 44 states and in Ontario, Canada
as of March 26, 2013, under the Panera Bread®, Saint Louis Bread Co. and Paradise Bakery & Cafe® names.
COMPANY HISTORY
The Panera Bread® legacy began in 1981 as Au Bon Pain Co., Inc. Founded by Louis Kane and Ron Shaich, the
company prospered along the east coast of the United States and internationally throughout the 1980s and 1990s and
became the dominant operator within the bakery-cafe category. In 1993, Au Bon Pain Co., Inc. purchased Saint
Louis Bread Company®, a chain of 20 bakery-cafes located in the St. Louis area. The company then managed a
comprehensive re-staging of Saint Louis Bread Co. Between 1993 and 1997 average unit volumes increased by 75%.
Ultimately, the concept's name was changed to Panera Bread. By 1997, it was clear that Panera Bread had the
potential to become one of the leading brands in the nation. In order for Panera Bread to reach its potential, it would
require all of the company's financial and management resources. In May 1999, all of Au Bon Pain Co., Inc.'s
business units were sold, with the exception of Panera Bread, and the company was renamed Panera Bread. Since
those transactions were completed, the company's stock has grown thirteen-fold and over $1 billion in shareholder
value has been created. Panera Bread has been recognized as one of Business Week's 100 Hot Growth Companies. As
reported by The Wall St. Journal's Shareholder Scorecard in 2006, Panera Bread was recognized as the top performer
in the restaurant category for one-, five- and ten-year returns to shareholders. In 2007, Panera Bread purchased a
majority stake in Paradise Bakery & Cafe, a Phoenix-based concept with over 70 locations in 10 states
(predominantly in the west and southwest). The Company purchased the balance of Paradise in June 2009. In May
2010, Ron Shaich transitioned to the role of Executive Chairman of the Board and currently serves as the Chief
Executive Officer.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to
the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any
inaccuracies. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services of
Florida © 2014 Marcus & Millichap
4
PROPERTY DESCRIPTION
Panera Bread (Ground Lease)
GAINESVILLE, FL
Panera Bread (Ground Lease)
GAINESVILLE, FL
PROPERTY DESCRIPTION
INVESTMENT OVERVIEW
Investment Highlights
■ Brand New Construction--Rare Panera Bread Ground Lease
■ Adjacent to Only Regional Mall in 60-Mile Radius
■ High Traffic Retail Corridor Connecting I-75 and University
of Florida
■ University of Florida Campus (50,000 +/- Students) Less
Than Three Miles East of Site
■ 15 Year Lease Term With Rental Increases Every Five Years
■ Largest Panera Bread Franchisee - Over 250 Locations
Marcus & Millichap is pleased to present a newly constructed (estimated completion summer, 2014) Panera Bread NNN
ground lease located on State Road 26 just east of I-75 in Gainesville, FL. Panera Bread will share with Mattress Firm
pylon signage on West Newberry Road (SR-26). A Mattress Firm location is currently under construction directly
adjacent to the Panera site. There is a cross-parking agreement with the adjoining Hobby Lobby anchored center
which further assures ample parking for the subject property.
The property is located in one of the area's premiere retail corridors adjacent to The Oaks Mall, the largest shopping
destination in the region with over one million square feet of retail space leased to national credit tenants. The mall is
operated by General Growth Properties and anchors include Macy's, Dillards and Belk. The property is less than 1/2
mile east of I-75, the main highway through Alachua County and fronts on West Newberry Road with daily traffic
counts exceeding 50,000 vehicles.
Numerous other national retailers are located along the corridor as is the North Florida Regional Medical Center. The
site is also located less than three miles from the University of Florida campus which boasts approximately 50,000
students as well as thousands of faculty and staff.
Panera Bread understands that great bread makes great meals, from made-to-order sandwiches to tossed-to-order salads
and soup served in bread bowls. Panera Bread is expanding quickly across North America, operating 1,700 companyowned and franchise-operated bakery-cafes in 44 states and in Ontario, Canada as of March 26, 2013, under the Panera
Bread®, Saint Louis Bread Co.® and Paradise Bakery & Café® names.
This offering provides the unique opportunity to acquire a Panera Bread ground lease which is operated by Panera's
largest franchise operator--Covelli Enterprises. Covelli operates in excess of 250 Panera locations and is also the nation's
largest O'Charley's Restaurant franchisee. Covelli was recently named the 4th largest restaurant franchisee in the nation.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to
the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any
inaccuracies. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services of
Florida © 2014 Marcus & Millichap
6
Panera Bread (Ground Lease)
GAINESVILLE, FL
PROPERTY DESCRIPTION
PROPERTY SUMMARY
The Offering
Property
Property Address
Panera Bread (Ground Lease)
6017 Newberry Road
Gainesville, FL 32605
Site Description
Year Built
2014
Rentable Square Feet
4,600
Lot Size
Type of Ownership
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to
the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any
inaccuracies. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services of
Florida © 2014 Marcus & Millichap
.73 acres
Fee Simple
7
Panera Bread (Ground Lease)
GAINESVILLE, FL
PROPERTY DESCRIPTION
LOCATION OVERVIEW
ABOUT GAINESVILLE, FLORIDA
Gainesville is the largest city and county seat of Alachua County. It serves as the cultural, educational and
commercial center for the north central Florida region. Gainesville is home to Florida's largest and oldest
university, and is one of the state's centers of education, medicine, cultural events and athletics. The University
of Florida and Shands Hospital at UF are the leading employers in Gainesville and provide jobs for many
residents of surrounding counties. Known for its preservation of historic buildings and the beauty of its natural
surroundings, Gainesville's numerous parks, museums and lakes provide entertainment to thousands of visitors.
Because of its beautiful landscape and urban "forest," Gainesville is one of the most attractive and livable cities in
Florida.
Gainesville’s population is young with a median age of 25 years. This is largely due to the presence of the
University of Florida’s primary campus, a major national research university and home to over 50,000 students
who comprise 40 percent of the city’s total population. Alachua County and the surrounding counties
encompass more than 100 manufacturers creating products in a wide variety of industries. The county and city
have leveraged the highly educated labor pool to attract and support the growth of advanced manufacturing in
the region.
The property is located in one of the area's premiere retail corridors adjacent to The Oaks Mall, the largest
shopping destination in the region with over one million square feet of retail space anchored by five major
tenants including Macy's, Sears, JCPenney, Dillard's and Belk. Additionally, it is immediately to the south of
North Florida Regional Medical Center, a large full service medical facility serving 15 north Florida counties.
Operating within a one mile radius of the property are pharmacies, movie theatres, several banks and various fast
food restaurants as well as national restaurant chains and hotels. The property is less than 1/2 mile east of
Interstate 75, the main highway through Alachua County and fronts on West Newberry Road with daily traffic
counts exceeding 50,000 vehicles. The property is located less than three miles from the University of Florida
campus.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to
the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any
inaccuracies. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services of
Florida © 2014 Marcus & Millichap
8
Panera Bread (Ground Lease)
GAINESVILLE, FL
PROPERTY DESCRIPTION
PROPERTY PHOTOS
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to
the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any
inaccuracies. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services of
Florida © 2014 Marcus & Millichap
9
Panera Bread (Ground Lease)
GAINESVILLE, FL
PROPERTY DESCRIPTION
PROPERTY PHOTOS
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to
the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any
inaccuracies. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services of
Florida © 2014 Marcus & Millichap
10
Panera Bread (Ground Lease)
GAINESVILLE, FL
PROPERTY DESCRIPTION
AREA MAPS
Local Map
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to
the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any
inaccuracies. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services of
Florida © 2014 Marcus & Millichap
Regional Map
11
Panera Bread (Ground Lease)
GAINESVILLE, FL
PROPERTY DESCRIPTION
SITE PLAN
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are
approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services of
Florida © 2014 Marcus & Millichap
12
Panera Bread (Ground Lease)
GAINESVILLE, FL
PROPERTY DESCRIPTION
REPRESENTATIVE IMAGE
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to
the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any
inaccuracies. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services of
Florida © 2014 Marcus & Millichap
13
Panera Bread (Ground Lease)
GAINESVILLE, FL
PROPERTY DESCRIPTION
SIGN RENDERING
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to
the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any
inaccuracies. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services of
Florida © 2014 Marcus & Millichap
14
Panera Bread (Ground Lease)
GAINESVILLE, FL
PROPERTY DESCRIPTION
AERIAL PHOTO
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are
approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services of
Florida © 2014 Marcus & Millichap
15
Panera Bread (Ground Lease)
GAINESVILLE, FL
PROPERTY DESCRIPTION
AERIAL PHOTO
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are
approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services of
Florida © 2014 Marcus & Millichap
16
DEMOGRAPHIC ANALYSIS
Panera Bread (Ground Lease)
GAINESVILLE, FL
Panera Bread (Ground Lease)
DEMOGRAPHIC ANALYSIS
GAINESVILLE, FL
DEMOGRAPHIC REPORT
2000 Population
2010 Population
2013 Population
2018 Population
1 Mile
5,538
6,151
6,268
6,935
3 Miles
52,268
61,338
62,445
66,458
5 Miles
133,748
154,658
157,514
167,874
2000 Households
2010 Households
2013 Households
2018 Households
2,411
2,656
2,709
2,986
23,093
26,953
27,460
29,441
55,371
64,281
65,546
70,481
2.32
2.25
2.24
6,833
38,796
99,055
$0
$114,969
$97,977
2000 Owner Occupied Housing Units
2000 Renter Occupied Housing Units
2000 Vacant
38.53%
49.92%
11.52%
44.99%
44.57%
7.92%
41.58%
50.77%
7.55%
2013 Owner Occupied Housing Units
2013 Renter Occupied Housing Units
2013 Vacant
37.13%
62.87%
7.80%
43.79%
56.21%
9.71%
43.39%
56.61%
9.93%
2018 Owner Occupied Housing Units
2018 Renter Occupied Housing Units
2018 Vacant
36.06%
63.94%
7.32%
43.80%
56.20%
9.86%
43.28%
56.72%
10.28%
26.9%
9.7%
11.7%
14.1%
10.7%
11.2%
5.9%
3.3%
2.7%
1.6%
2.3%
21.7%
11.0%
10.2%
13.5%
14.6%
10.4%
6.7%
3.8%
3.6%
1.7%
2.8%
23.4%
12.7%
9.7%
13.4%
14.5%
9.1%
6.3%
3.5%
3.5%
1.6%
2.5%
2013 Median Household Income
2013 Per Capita Income
$36,571
$26,610
$42,779
$30,751
$39,784
$27,662
2013 Average Household Income
$61,042
$68,675
$64,178
2013 Average Household Size
2013 Daytime Population
2000 Median Housing Value
$ 0 - $14,999
$ 15,000 - $24,999
$ 25,000 - $34,999
$ 35,000 - $49,999
$ 50,000 - $74,999
$ 75,000 - $99,999
$100,000 - $124,999
$125,000 - $149,999
$150,000 - $199,999
$200,000 - $249,999
$250,000 +
Demographic data © 2012 by Experian.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to
the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any
inaccuracies. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services of
Florida © 2014 Marcus & Millichap
18
Panera Bread (Ground Lease)
GAINESVILLE, FL
DEMOGRAPHIC ANALYSIS
SUMMARY REPORT
Geography: 5 Miles
Population
In 2013, the population in your selected geography was 157,514. The population has changed by 17.76% since 2000. It is estimated
that the population in your area will be 167,874 five years from now, which represents a change of 6.57% from the current year. The
current population is 47.8% male and 52.1% female. The median age of the population in your area is 25.9, compare this to the U.S.
average which is 37. The population density in your area is 1,890.65 people per square mile.
Households
There are currently 65,546 households in your selected geography. The number of households has changed by 18.37% since 2000.
It is estimated that the number of households in your area will be 70,481 five years from now, which represents a change of 7.52%
from the current year. The average household size in your area is 2.24 persons.
Income
In 2013, the median household income for your selected geography is $39,784, compare this to the U.S. average which is currently
$53,535. The median household income for your area has changed by 38.67% since 2000. It is estimated that the median household
income in your area will be $44,727 five years from now, which represents a change of 12.42% from the current year.
The current year per capita income in your area is $27,662, compare this to the U.S. average, which is $28,888. The current year
average household income in your area is $64,178, compare this to the U.S. average which is $75,373.
Race & Ethnicity
The current year racial makeup of your selected area is as follows: 72.18% White, 14.33% African American, 0.27% Native American
and 7.91% Asian/Pacific Islander. Compare these to U.S. averages which are: 72.20% White, 12.65% African American, 0.96%
Native American and 5.01% Asian/Pacific Islander.
People of Hispanic origin are counted independently of race. People of Hispanic origin make up 11.55% of the current year
population in your selected area. Compare this to the U.S. average of 16.55%.
Housing
The median housing value in your area was $97,977 in 2000, compare this to the U.S. average of $110,781 for the same year. In
2000, there were 24,906 owner occupied housing units in your area and there were 30,410 renter occupied housing units in your
area. The median rent at the time was $475.
Employment
In 2013, there are 99,055 employees in your selected area, this is also known as the daytime population. The 2000 Census revealed
that 72.3% of employees are employed in white-collar occupations in this geography, and 27.6% are employed in blue-collar
occupations. In 2013, unemployment in this area is 3.60%. In 2000, the median time traveled to work was 17.2 minutes.
Demographic data © 2012 by Experian.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to
the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any
inaccuracies. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services of
Florida © 2014 Marcus & Millichap
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