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32880741
32880723

47 Holiday Inn Road, Clarion, PA 16214 For Sale

CF
OH 2008001551, OH SAL.2008001551
Marcus & Millichap - Columbus
Listed by Marcus & Millichap - Columbus
$2,788,000
57 days on market
Updated 54 days ago

47 Holiday Inn Road

Details
Property Type Retail
Sub Type Restaurant
Square Footage 3,190
Cap Rate 5.65%
NOI $157,500
Occupancy 100%
Tenancy Single
Brand/Tenant Panera Bread
Lease Type Absolute NNN
Lease Expiration 10/31/2040
Rent Bumps Yes
Lease Options (2) 5 Year; (1) 4 Year & 11 Months
Year Built 2025
Buildings 1
Stories 1
Acreage 1.360
Investment Type Net Lease
Lease Commencement 10/10/2024
Ground Lease No
Ownership Fee Simple

Brand-New Panera NNN Ground-Lease | $2.79M / 5.65% CAP

Investment highlights

• Brand New 2025 Construction Panera Bread | Absolute NNN Lease | Zero Landlord Responsibilities

• Operated By Flynn Panera (Flynn Group) | One of the Nation’s Largest Franchisees | 2,900+ Units Across Multiple Brands

• 14.5 Years Remaining | Long-Term Passive Income Stream | 10% Rental Increases Every Five Years

• Strategically Located off I-80 (22,149 VPD); 2,900+ Mile Long Interstate from NYC to San Francisco

• Positioned Along Route-68 Retail Corridor; Surrounded By National Retailers (Walmart, Sheetz, McDonald’s, Burger King, Applebee’s, Advance Auto, Autozone, Dollar Tree, Arby’s, etc.)

• Strong Retail Draw Anchored By Walmart Supercenter | 2.3M Annual Visits, Ranked #43 out of 133 Statewide (Placer.ai)

• Proximate To Clarion Hospital (67 Beds) & PennWest Clarion University (1,547 Students) | Steady Demand drivers From Healthcare & Student Populations

• High-Performing Trade-Area: Top 40% Placer.ai Chain Performers: Walmart, Verizon, Burger King, Dollar Tree, Harbor Freight, Applebee’s

• Mature/Middle-Income Demographics: $68K - $75K AHHI’s / Growing Population #’s in 3 / 5 / 10-Mi Radii

• Clarion, PA | County Seat & Primary Commercial Hub For the Region | 75 Miles from Pittsburgh & Youngstown

Listing Contacts

CF
OH 2008001551, OH SAL.2008001551
Marcus & Millichap - Columbus
Listed by Marcus & Millichap - Columbus

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$157,500.00
$13,125.00/mo

Valuation Metrics

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DSCR
5.65%
Cap Rate
5.65%
ROI

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