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Panera | Plattsburgh, NY 408 State Route 3 4,373 SF Retail Building Plattsburgh, NY 12901 $3,525,000 ($806.08/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Single-Tenant Corporate Panera Bread Relocation Store with Drive-Thru
- Located 5 Minutes (1.3 Miles) from Plattsburgh’s Largest Employer, UVM Health Network - Champlain Valley Hospital (2,100 Employees)
- Great Visibility from NY Highway-3 (30,000+ CPD) and Adjacent to I-87
- Corporate Relocation Site with Drive-Thru, Demonstrating the Tenant’s Long-Term Commitment to the Site
- Close Proximity to State University of New York-Plattsburgh with 4,417 Students and 1,268 Employees (2024)
- Located in the Heart of Plattsburgh’s Main Retail Corridor
EXECUTIVE SUMMARY
PROPERTY FACTS
AMENITIES
- Drive Thru
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Accommodation and Food Services
- -
- -
- Mar 2035
Panera began in 1987 as St. Louis Bread Company, a humble community bakery founded with a sourdough starter from San Francisco and a dream of putting a loaf of bread in every arm. While Panera's business has expanded well beyond St. Louis since then, that same sourdough starter is still used in their iconic sourdough bread and the craft of baking bread fresh each day remains at the heart of Panera Bread. Each day their trained bakers fill their bakery shelves with delicious freshly baked cookies, pastries, bagels, and a range of breads from focaccia to classic baguettes. Panera Bread is privately held by JAB Holding Company. Panera Bread is part of Panera Brands, one of the largest fast casual restaurant platforms in the U.S., comprised of Panera Bread®, Caribou Coffee® and Einstein Bros.® Bagels.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Accommodation and Food Services | - | - | Mar 2035 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 094200-206-004-0003-012-000-0000 | Improvements Assessment | $1,954,400 |
| Land Assessment | $545,600 | Total Assessment | $2,500,000 |
PROPERTY TAXES
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Panera | Plattsburgh, NY | 408 State Route 3
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