970 Thornton Rd
Lithia Springs, GA 30122
IHOP · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute Net Corporate Lease With IHOP
- 10% Rent Increases Every Five Years
- Strong Post-COVID Sales
- IHOP Recently Exercised Two Renewal Options to Extend Lease by 10 Years
- Tenant Has Been at This Location for 25 Years
- Traffic Counts on Thornton Road Exceed 65,00 Vehicles Per Day
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,910 SF
Building Class
B
Year Built
1995
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.86 AC
Zoning
PUD
Parking
55 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
230’ on Thornton Rd
AMENITIES
- Bus Line
- Signage
PROPERTY TAXES
| Parcel Number | 2182-05-8-0-007 | Improvements Assessment | $547,560 |
| Land Assessment | $120,440 | Total Assessment | $668,000 |
