550 Thornton Rd - Restaurant FOR SALE


Lithia Springs, GA 30122
$2,938,000 USD
678-521-2540
550 Thornton Rd, Lithia Springs, GA for Sale
$2,938,000 USD
Restaurant - FOR SALE
1/8
null | 7.4% Cap Rate

550 Thornton Rd
Lithia Springs, GA 30122


HIGHLIGHTS

  • Applebee’s International Inc.: National Casual Dining Brand with Long-Term Franchise Stability
  • Established Dining Destination Serving a Diverse Customer Base
  • Strategic Location with Sustained Demand
  • Absolute NNN Lease with Predictable Increases

OVERVIEW

- Long-Term Tenancy: 20+ years of uninterrupted operation - Corporate Guarantee: Dine Brands (NYSE: DIN) backs the lease - Absolute NNN Lease: No landlord responsibilities - Lithia Springs, GA (Atlanta MSA) locationalong high-traffic 46,500 VPD Thornton Road, 160’ of road frontage, and direct access to I-20. - Leased to Applebee’s International, Inc.(Dine Brands), one of the largest casual dining brands in the U.S., with over 1,500 locations. - Lease runs through December 2030:Tenant has exercised its first 5-year renewal option, demonstrating strong commitment to the site. - Rent increases in 2029, 2031, 2034, and 2039 with three additional 5-year renewal options through 2043. - Surrounded by major national retail and employment anchors including Amazon Fulfillment Center, Home Depot RDC, Walmart, and Wellstar Health System, generating significant daytime population and traffic. - Positioned in a major last-mile distribution and logistics hub supporting sustained retail demand from both residential and employment growth.

FOR SALE DETAILS

PRICE

$2,938,000 USD

PRICE/SF

$650 USD /SF

CAP RATE

7.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Applebees

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Fast Food, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

82

LAND DETAILS

LAND ACRES

1.05 AC

LAND SF

45,738 SF

ZONING

C3

APN/PARCEL ID

4182-03-7-0-008

ASK ABOUT THIS PROPERTY

Andrew ZifferMarathon Property Group, LLCMore Info
678-521-2540

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Andrew ZifferMarathon Property Group, LLCMore Info
678-521-2540

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