6460 Capitol Dr
Greenbelt, MD 20770
TGI Fridays: Greenbelt, MD (D.C MSA) · Retail Property For Sale

Premier Concept: TGI Fridays is a leading global casual dining restaurant chain with more than 870 locations in 60 countries. The company has an estimated 74,000 employees and attributes their success to committing themselves to their craft, which is comprised of a focus on three key areas: their people, their ingredients and the atmosphere that is synonymous across all locations. Strong Tenant: Jackmont Hospitality, Inc. and Atlanta Restaurant Partners, LLC own and operate 37 TGI Fridays and 8 other concept locations throughout the U.S. with projected revenues in excess of $150mm. Founded in 1994, the company has received multiple awards including being named TGI Fridays Franchise Group of the year for 2018. In addition, the company operates airport concessions including the award-winning Chicken+Beer and One Flew South in Atlanta’s Hartsfield-Jackson International Airport. Absolute NNN Lease: TGI Friday’s absolute NNN lease will commence at closing and feature 20 years of primary term with 10% rent escalations every 5 years throughout the initial term and in each of the five 5-year renewal options. Excellent Performance: This location boasts healthy rent-to-sales and strong store sales. Excellent Access/Visibility: The property is ideally located with excellent access and frontage on Greenbelt Road (Traffic Count: 47,762 VPD), which provides direct access to Baltimore-Washington Parkway (Traffic Count: 118,920 VPD) just 0.3 miles east of the site. Additionally, the site is just inside of the Capital Beltway Inner Loop/I-85 (Traffic Count: 122,561 VPD) and is directly south of its interchange with Kenilworth Avenue (Traffic Count: 128,140 VPD). Strategic Location: TGI Fridays is strategically located adjacent to a Cadillac dealership and three hotels including Hilton Garden Inn (155 rooms), Courtyard by Marriott (152 rooms) and Residence Inn (120 rooms). Just 0.7 miles to the west is a critical mass of retailers, which is highlighted by the 900,000-square-foot Beltway Plaza Mall (anchors: Target, Burlington, Marshalls and Giant Food).