Plattsburgh, N.Y. — Hanley Investment Real Estate Advisors and Clayton, Missouri-based NAI DESCO have arranged the $3.3 million sale of a single-tenant restaurant property located in Plattsburgh. Panera Bread occupies the 4,373-square-foot building, which was built in 2020, on an absolute triple-net corporate lease with zero landlord responsibilities with nine years remaining on its 15-year lease term.
Jeff Lefko and Bill Asher of Hanley, Stephen Gwinnup of NAI DESCO and Brian Brockman of Bang Realty represented the seller, a private family trust, in the transaction. Bang Realty, along with Hanley Investment Group, also represented the San Francisco Bay Area-based buyer. In addition, Hanley Investment Group arranged permanent financing through a repeat net lease lender.