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550 Thornton Rd
Lithia Springs, GA 30122
Applebees · Retail Property For Sale
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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,523 SF
Building Class
B
Year Built
2003
Price
$2,938,000
Price Per SF
$649.57
Cap Rate
7.40%
NOI
$217,415
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
Property Taxes
| Parcel Number | 4182-03-7-0-008 | Improvements Assessment | $576,720 |
| Land Assessment | $204,760 | Total Assessment | $781,480 |
Property Taxes
Parcel Number
4182-03-7-0-008
Land Assessment
$204,760
Improvements Assessment
$576,720
Total Assessment
$781,480
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