Record-Breaking Ground Lease Sale of Panera Bread Property in Montclair, CA

July 18, 2025 - 17:24

In a landmark transaction, SRS Real Estate Partners has successfully arranged the sale of a ground lease for a Panera Bread location in Montclair, California, for an impressive $5.73 million. This sale has set a national record for the highest price per square foot for a single-tenant net-leased Panera property in 2023, highlighting the increasing demand for high-quality retail investments.

The Montclair property has attracted significant interest from investors, reflecting the robust performance of the Panera Bread brand and its strategic positioning in a thriving market. The ground lease structure provides a stable income stream, making it an appealing opportunity for investors seeking secure, long-term assets.

This transaction underscores the strong appetite for net-leased properties, particularly in prime locations, as investors continue to seek out reliable income sources in an evolving retail landscape. The successful sale marks a significant achievement for SRS Real Estate Partners and reinforces the value of well-located commercial properties.