Panera Bread

979 Norland Ave | Chambersburg | PA | 17201 Back to Properties


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Property Highlights

    • Corporate Panera Bread
    • Long term net lease with rent increases
    • At a 400,000 +/- sf Target, Giant Food and Kohls anchored center
    • Major destination shopping hub
    • At on/off ramp to I-81

Property Details

  • Price: $3,405,000
  • Transaction Type: For Sale
  • Property Type: Retail
  • Building Size: 4,289 SF
  • Lot Size: .72 AC
  • Cap Rate: 4.75%
  • Lease Term 12 years
  • Tenancy: Single Tenant

Property Description

HMX Realty Advisors exclusively presents for sale this Panera Bread. Panera has been open and operating at this location since January 2007.  In May of 2021, Panera signed a lease extension further committing to this successful location.

This Panera is located at Chambersburg Crossing, a 400,000 +/- square foot regional shopping center strategically located directly off Interstate 81 at the intersection of Norland Avenue and Walker Road in Chambersburg, PA.

The center is anchored by Target, the second largest discount retailer in the U.S. and Giant Food. It is co-anchored by some of the nation’s most powerful destination retailers including Kohl’s, Michaels, Staples and PetSmart. In addition to Panera, the center also boasts a strong line-up of destination restaurants including Friday’s, Red Robin, Subway, MOD Pizza, and Chipotle. The center benefits from extensive visibility and easy regional access from I-81 where over 42,000 vehicles pass the center daily. Combined with a strong trade area of over 53,000 people with an average household income over $73,000 living within five miles of the property and approximately 90,700 people living within a 10 minute drive, Chambersburg Crossing is advantageously positioned as Chambersburg’s primary regional shopping center.

Tenant Information

Tenant SF OccupiedLease End Date
Panera Bread : 42981/31/2033
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Financial Summary (Actual - )

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