4018 Lawrenceville Hwy NW
Lilburn, GA 30047
IHOP · Retail Property For Sale

The subject property is a 5,157 +/- sf freestanding IHOP located on Lawrenceville Highway in a high growth suburb of Atlanta, Lilburn, GA. Lilburn is part of the Atlanta MSA and located approximately 25 miles northeast of downtown. Currently, there are almost 250,000 people in the 5-mile radius from the subject property, with an expected growth rate of 4.3% +/- over the next 5 years. The subject property sits in a strong retail corridor. It is an out-parcel to a Home Depot and Walmart Supercenter anchored center. Other national retailers in the immediate area include: Kroger, CVS, Family Dollar, AutoZone, Hibbett Sports, Dollar Tree, Pep Boys, Kaufman Tire, Discount Tire, Bank of America, AT&T, McDonald’s, Wendy’s, Dunkin Donuts, Arby’s, Popeye’s, Captain D’s, Pizza Hut, and Waffle House. With few natural barriers to limit development, tremendous population-growth over the past decade expanded the Atlanta MSA’s borders and the region now has a population of roughly 5.7 million people. Over the next five years the region is expected to add nearly 500,000 more residents. Atlanta currently ranks fifth in the nation in the number of Fortune 500 headquarters with 17 companies, including UPS, Home Depot, Delta Airlines, Coca-Cola, Aflac, and recently added Mercedes Benz. Atlanta continues to make strong gains in employment and ranks among the highest in the nation for job growth with adding nearly 400,000 jobs the last four years. A pro-business environment and affordability has helped Atlanta rise to second in the nation in job creation last year. Because of this growth, retail sales have grown nearly 5 percent over the previous 12-month period, exceeding the national pace of growth, and vacancy is expected to drop 40 basis points while rents expected to increase over 3.0%. The tenant, Georgia Family Restaurants, LLC (“GFR”), signed a 20-year NNN Lease that will expire in 2033. The Lease contains 1.0% annual escalations and four (4), five (5) year options to extend. GFR currently operates six (6) IHOP restaurants in the northeast Atlanta market and is part of the largest IHOP franchise group in the U.S. that operates approximately 300 IHOP units throughout the U.S. GFR has a strong and stable operations management team led by a seasoned President with over 30 years of restaurant executive experience in the full-service segment. The management team has won numerous IHOP awards, including Regional Franchisee of the Year in 2008 and 2013, and 2012 Franchisee of the Year by the BFRA, IHOP’s franchise association.