Applebee's 185 Cherokee Pl 5,635 SF Retail Building Cartersville, GA 30121 $3,918,482 ($695.38/SF) 7% Cap Rate

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.