815 N Westover Blvd
Albany, GA 31707
Panera NNN Ground Lease · Retail Property For Sale

The Net Lease Group is pleased to exclusively offer for sale the fee simple interest in 1.17 acres that is 100% ground leased to Panera, LLC and provides an investor with the opportunity to own an institutional quality asset that delivers stable and predictable income throughout the lease term. The subject property is located at 815 N. Westover Blvd. in Albany, GA and contains a freestanding, 4,100 SF Panera Bread café/restaurant with drive-thru that was recently constructed in 2016. The ground lease to Panera is a twelve (12) year (10 years remaining) triple net (NNN) corporate ground lease with three options to renew. The landlord has no responsibilities whatsoever during the initial term and option periods. There are 10% rent escalations every five (5) years throughout the initial term and option periods. The property is an outparcel to the Albany Square Shopping Center (with a Publix, Hobby Lobby, Petsmart and Target) located at the intersection of two major roads in the heart of Albany’s best retail trade area and directly across from Albany Mall. Albany is Southwest Georgia’s industrial and commercial hub, due to its access to major highways and the 2nd largest airport in Georgia (ranked by cargo volume) behind Atlanta’s Hartsfield Jackson International Airport.