815 N Westover Blvd
Albany, GA 31707
Panera Bread · Retail Property For Sale

The subject property is a 1.17 acre outparcel to the Albany Square Shopping Center (Publix, Hobby Lobby, Petsmart and Target) that contains a recently constructed, freestanding Panera Bread café/restaurant with drive-thru. The property is 100% percent leased to Panera, LLC via a twelve (12) year triple net (NNN) corporate ground lease with three (3) renewal option periods and provides for ten percent (10%) rent escalations every five (5) years. The subject property is located at the N. Westover Blvd. (21,000 ADTC) Dawson Road intersection (26,000 ADTC) and is located directly opposite of The Albany Mall. The subject property provides excellent visibility, ingress/egress and benefits from high average daily traffic counts. Additionally, the property is within walking distance of several hotels including a Quality Inn, Wingate by Wyndham, Park Inn, Holiday Inn, Hampton Inn & Suites, and Courtyard by Marriott. The subject property is situated in the heart of Albany’s best retail trade area. Major QSR’s and restaurants in the trade area include McDonald’s, Chipotle, Starbucks, KFC, Chick-fil-A, Outback Steakhouse, and Olive Garden. Other major retailers include Home Depot, Lowes, Target, Old Navy, Walmart, T.J. Maxx, and many more.