Marathon Property Group, LLC
Listed by Marathon Property Group, LLC
$2,938,000
Applebee's Lithia Springs - Atlanta Metro
Details
Property Type Retail
Sub Type Restaurant
Square Footage 4,532
Net Rentable (SqFt) 4,532
Occupancy 100%
Tenancy Single
Brand/Tenant Applebee's
Lease Type Absolute NNN
Lease Term 27
Lease Expiration 12/31/2030
Remaining Term 4.5
Rent Bumps Yes
Lease Options 3
Pro-Forma Cap Rate 7.4%
Pro-Forma NOI $217,415
Price per SqFt $648
Broker Co-Op Yes
Acreage 1.050
Zoning C-G General Commercial District
Parking Spaces 82 spaces
Parking per 1,000 SqFt 18.09
Investment Type Stabilized
Tenant Credit Corporate Guarantee, Credit Rated
Lease Commencement 01/01/2004
Occupancy Date 01/01/2004
Ground Lease No
Corporate Applebee’s | Absolute NNN Lease | 20+ Year Operating History | 7.4% Cap
Marketing description
Discover a prime investment opportunity with this thriving single-tenant retail property located at Applebee's Atlanta MSA. Leased to Applebee’s International, Inc., a subsidiary of Dine Brands (NYSE: DIN), this property boasts a long-term tenancy with a corporate guarantee. The Absolute NNN lease structure means no landlord responsibilities, coupled with strong commitment showcased by the tenant exercising renewal options through 2043. Situated in Lithia Springs, GA, along a high-traffic corridor with 46,500 VPD on Thornton Rd, the property offers significant visibility and access to I-20.
Positioned in a strategic location near major retail centers and employment hubs, including Amazon Fulfillment Center and Home Depot RDC, this property benefits from substantial daytime population and traffic. With rent increases scheduled and a landlord-favorable lease, investing in this property presents a lucrative opportunity for long-term growth and stable income. Don't miss out on owning this exceptional commercial asset in a prominent area of Atlanta's metro region.
Listing Contacts
Marathon Property Group, LLC
Listed by Marathon Property Group, LLC
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