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Applebees 550 Thornton Rd 4,523 SF Retail Building Lithia Springs, GA 30122 $4,004,318 CAD ($885.32 CAD/SF) 7.40% Cap Rate
Investment Highlights
- Applebee’s International Inc.: National Casual Dining Brand with Long-Term Franchise Stability
- Strategic Location with Sustained Demand
- Established Dining Destination Serving a Diverse Customer Base
- Absolute NNN Lease with Predictable Increases
Executive Summary
- 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.
- 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.
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Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,523 SF
Building Class
B
Year Built
2003
Price
$4,004,318 CAD
Price Per SF
$885.32 CAD
Cap Rate
7.40%
NOI
$296,323 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.05 AC
Zoning
C3 - Commercial
Parking
82 Spaces (18.13 Spaces per 1,000 SF Leased)
Frontage
410’ on Thornton Rd
Nearby Major Retailers
Property Taxes
| Parcel Number | 4182-03-7-0-008 | Improvements Assessment | $786,035 CAD |
| Land Assessment | $279,076 CAD | Total Assessment | $1,065,110 CAD |
Property Taxes
Parcel Number
4182-03-7-0-008
Land Assessment
$279,076 CAD
Improvements Assessment
$786,035 CAD
Total Assessment
$1,065,110 CAD
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Applebees | 550 Thornton Rd
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