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Panera Bread | Clarion, PA 47 Holiday Inn Rd 3,190 SF Retail Building Clarion, PA 16214 $2,864,000 ($897.81/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- This is a new construction Panera Bread with drive-thru, indoor/outdoor seating, and depreciation benefits that opened in October 2025.
- The area sees over 38,000 vehicles per day and serves as a key toll-free route for both commercial and passenger traffic.
- The property is positioned on a prime 1.36-acre parcel near a major interchange in an underserved, growing market.
- It’s located at the high-traffic interchange of I-80 and Highway 68, adjacent to a Sheetz location coming soon.
- The site is part of a new development with strong co-tenancy, surrounded by hotels, national retailers, and quick-service restaurants.
- Panera is backed by JAB Holding Company and may go public in 2026, potentially increasing brand value and credit strength.
EXECUTIVE SUMMARY
CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this brand-new Panera Bread property located at 45 Holiday Inn Road in Clarion, Pennsylvania. This 3,500-square-foot Panera was developed as a fee-simple build-to-suit on a 1.36-acre parcel and features the brand’s latest prototype with drive-thru, indoor and outdoor seating, and the benefit of depreciation—offering significant tax advantages over typical ground lease investments.
The subject property is part of a new retail development strategically positioned at an I-80 interchange and adjacent to a new construction Sheetz (c-store/gas station). I-80 is among the most heavily traveled corridors in Pennsylvania for commercial and passenger vehicles, as it remains toll-free, unlike the Pennsylvania Turnpike (I-76). Additionally, the site is surrounded by complementary uses, including government offices, hundreds of hotel rooms, national brand QSRs and major retailers including Walmart, Aldi, McDonald’s, Advance Auto Parts, Applebee’s, Arby’s, Harbor Freight, and Burger King, to name a few.
The lease is backed by Flynn Restaurant Group, the largest Panera franchisee in the U.S., and includes a brand-new 15-year NNN term with 10% rent increases every five years in both the base term and option periods. The lease is entirely passive, with zero landlord responsibilities or expenses, and includes a rare provision allowing corporate Panera Bread to reclaim the store if ever necessary—reinforcing the long-term commitment to this site.
The subject property is part of a new retail development strategically positioned at an I-80 interchange and adjacent to a new construction Sheetz (c-store/gas station). I-80 is among the most heavily traveled corridors in Pennsylvania for commercial and passenger vehicles, as it remains toll-free, unlike the Pennsylvania Turnpike (I-76). Additionally, the site is surrounded by complementary uses, including government offices, hundreds of hotel rooms, national brand QSRs and major retailers including Walmart, Aldi, McDonald’s, Advance Auto Parts, Applebee’s, Arby’s, Harbor Freight, and Burger King, to name a few.
The lease is backed by Flynn Restaurant Group, the largest Panera franchisee in the U.S., and includes a brand-new 15-year NNN term with 10% rent increases every five years in both the base term and option periods. The lease is entirely passive, with zero landlord responsibilities or expenses, and includes a rare provision allowing corporate Panera Bread to reclaim the store if ever necessary—reinforcing the long-term commitment to this site.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,190 SF
Building Class
B
Year Built
2025
Price
$2,864,000
Price Per SF
$897.81
Cap Rate
5.50%
NOI
$157,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.36 AC
AMENITIES
- Signage
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Panera Bread
- Accommodation and Food Services
- -
- -
- Triple Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Panera Bread | Accommodation and Food Services | - | - | Triple Net | - |
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Panera Bread | Clarion, PA | 47 Holiday Inn Rd
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