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Panera | Plattsburgh, NY 408 State Route 3 4,373 SF Retail Building Plattsburgh, NY 12901 $4,920,618 CAD ($1,125.23 CAD/SF) 6% Cap Rate

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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

Corporate Absolute NNN Lease | Relocation Store with Huge Reported Sales | Main Commercial Hub for the Northern Adirondack Mountains

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,373 SF
Building Class
B
Year Built
2020
Price
$4,920,618 CAD
Price Per SF
$1,125.23 CAD
Cap Rate
6%
NOI
$295,237 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.07 AC
Zoning
C - Commercial
Parking
38 Spaces (8.69 Spaces per 1,000 SF Leased)
Frontage
153’ on State Route 3

AMENITIES

  • Drive Thru
  • Air Conditioning

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Accommodation and Food Services
  • -
  • -
  • Mar 2035

Panera a vu le jour en 1987 sous le nom de St. Louis Bread Company, une humble boulangerie communautaire fondée avec une entrée au levain de San Francisco et le rêve de mettre une miche de pain dans chaque bras. Bien que les activités de Panera se soient étendues bien au-delà de Saint-Louis depuis lors, cette même entrée au levain est toujours utilisée dans leur emblématique pain au levain et l'artisanat de la cuisson du pain frais chaque jour demeure au cœur de Panera Bread. Chaque jour, leurs boulangers qualifiés remplissent leurs étagères de boulangerie de délicieux biscuits fraîchement sortant du four, de pâtisseries, de bagels et d'une gamme de pains allant de la focaccia aux baguettes classiques. Panera Bread est une entreprise privée détenue par JAB Holding Company. Panera Bread fait partie de Panera Brands, l'une des plus grandes plateformes de restauration rapide et décontractée aux États-Unis, qui comprend Panera Bread®, Caribou Coffee® Bagels et Einstein Bros.®.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Accommodation and Food Services - - Mar 2035

NEARBY MAJOR RETAILERS

Keybank
Buffalo Wild Wings
Perkins
Five Guys
Rent-A-Center
Texas Roadhouse
Planet Fitness
Starbucks
Price Chopper
Nbt Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
094200-206-004-0003-012-000-0000
Land Assessment
$761,614 CAD
Improvements Assessment
$2,728,186 CAD
Total Assessment
$3,489,800 CAD
  • Listing ID: 37869061

  • Date on Market: 2025-09-29

  • Last Updated:

  • Address: 408 State Route 3, Plattsburgh, NY 12901

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