185 Cherokee Pl - Restaurant FOR SALE


Cartersville, GA 30121
$3,918,482 USD
909-989-7771
185 Cherokee Pl, Cartersville, GA for Sale
$3,918,482 USD
Restaurant - FOR SALE
1/6
null | 7% Cap Rate

185 Cherokee Pl
Cartersville, GA 30121


HIGHLIGHTS

  • Absolute NNN lease with zero landlord responsibilities
  • Corporate guarantee by Dine Brands Global (NYSE: DIN)
  • Six years remaining on base term plus six renewal options
  • 1.25% annual rent increases for consistent income growth
  • Prime retail corridor with strong national co-tenancy

OVERVIEW

This exclusive net-lease investment opportunity features a well-established Applebee’s Grill + Bar at 185 Cherokee Place in Cartersville, Georgia. Positioned on a ±1.35-acre parcel with a ±5,635-square-foot building, the property benefits from exceptional visibility at the intersection of Cherokee Place and East Main Street, boasting traffic counts of ±29,528 ADT on Main Street and ±20,347 ADT on Cherokee Place. The surrounding retail corridor includes national brands such as Target, Publix, Kohl’s, Chick-fil-A, and Kroger, creating a strong consumer draw and synergy for the tenant. The asset is backed by Dine Brands Global, LLC (NYSE: DIN), one of the world’s largest full-service dining companies, ensuring corporate credit strength and operational stability. The absolute triple-net (NNN) lease structure provides zero landlord responsibilities, delivering truly passive income. With approximately six years remaining on the base term and six five-year renewal options, investors gain long-term security and predictable cash flow. Annual rent escalations of 1.25% offer built-in growth and inflation protection. Located just 30 miles from Atlanta and 41 miles from Hartsfield-Jackson Atlanta International Airport, Cartersville is a thriving community with a five-mile population of ±41,000 and an average household income of ±$83,000. This strategic location within a high-traffic retail corridor and a pro-business region makes this offering an attractive addition to any investment portfolio.

FOR SALE DETAILS

PRICE

$3,918,482 USD

PRICE/SF

$695 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Applebee's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

87

LAND DETAILS

LAND ACRES

1.35 AC

LAND SF

58,806 SF

ZONING

IN

APN/PARCEL ID

C005-0002-028

ASK ABOUT THIS PROPERTY

Barret WoodsLee & Associates Commercial Real Estate ServicesMore Info
909-989-7771

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Barret WoodsLee & Associates Commercial Real Estate ServicesMore Info
909-989-7771

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.