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 is being developed as a fee-simple build-to-suit on a 1.36-acre parcel and will feature 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.