Applebee's NNN Investment
For Sale
Contact for pricing
550 Thornton Rd, Lithia Springs, GA 30122
Single-tenant retail property leased to Applebee's with long-term tenancy.
Property Size4,532 SF
Price / SF$648.28
Days on Market155
Property Features for 550 Thornton Rd
General Information
Standard status
Active
Size
4,532 SF
Total Parking Spaces
82
Property subtype
Retail
Zoning
C-G General Commercial District
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Stabilized
Building Details
Tenancy
Single
Listing Agency:
Marathon Property Group, LLC
Listed By:
Andrew Ziffer · License #168762
Source:
Crexi
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 9 at 12:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marathon Property Group, LLC
Investment Insights
Based on property information with market context.
This single-tenant retail property is leased to Applebee’s International, Inc., a subsidiary of Dine Brands. The property is located in Lithia Springs, GA, along a high-traffic corridor with a traffic volume of 46,500 vehicles per day on Thornton Rd, with access to I-20. The tenant has demonstrated commitment by exercising renewal options through 2043. The lease structure is Absolute NNN, meaning no landlord responsibilities. The property is positioned near major retail centers and employment hubs, including Amazon Fulfillment Center and Home Depot RDC, benefiting from daytime population and traffic. The property size is 4,532 square feet. Rent increases are scheduled, and the lease is landlord-favorable. The property is located in the Atlanta MSA.
Key Highlights
- Absolute NNN lease: truly passive income stream.
- Long‑term lease with Applebee's International, Inc. extends through 2043, offering stable, guaranteed income.
- Corporate guarantee from Applebee's International, Inc. ensures financial security.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
544
Businesses Nearby
5k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 64%
Shops & Services 36%
Woodcraft
Home Improvements & Furnishings
1,478 visits/mo
0.1 miles
Copart
Shops & Services
1,360 visits/mo
0.4 miles
Johnstone Supply
Home Improvements & Furnishings
1,143 visits/mo
0.1 miles
Safelite AutoGlass
Shops & Services
612 visits/mo
0.3 miles
Rexel
Home Improvements & Furnishings
415 visits/mo
0.1 miles
Demographics for 30122, GA
24,044
Population
11,679
Households
2.1
Avg Household Size
36
Median Age
33%
College-Educated
89%
High-School Grad
24.7 sq mi
ZIP Area
973
Density / Sq Mi
$64,072
Median Household Income
$41,835
Median Earnings
$1,496
Median Rent
$225,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Single-tenant retail property leased to Applebee's with long-term tenancy.
Where is this conventional restaurant located?
The property is located at 550 Thornton Rd Lithia Springs, GA.
What is the asking price?
The asking price for this property is $2,938,000.
What are key features of this property?
This property features: Absolute NNN lease: truly passive income stream.; Long‑term lease with Applebee's International, Inc. extends through 2043, offering stable, guaranteed income.; Corporate guarantee from Applebee's International, Inc. ensures financial security.
