550 Thornton Rd
Lithia Springs, GA 30122

The subject is a Applebee's ground lease located in Lithia Springs, GA, approximately 15 miles west of Atlanta, on Thornton Road. This corridor has a traffic count of over 44,000 vehicles per day and home to multiple retail market drivers including Kroger, Chase Bank, Walgreens, Office Depot, Harley Davidson of Atlanta, AT&T, Waffle House, Krystal, Sonic Drive-Inn, Church’s Chicken, Wendy’s and Popeye’s. The franchisee is Neighborhood Restaurant Partners Florida, LLC. They operate 74 Applebee’s throughout the Southeast United States and is an affiliate of Argonne Capital Group, LLC, which is the 4th largest Applebee’s franchisee in the country with 120 locations. Argonne’s diversified portfolio of companies and real estate generates $1.6 billion in annual sales and includes some of the most iconic brands in the country. The subject is well located on a heavily trafficked corridor within the submarket and surrounded by multiple retail market drivers. The historic long tenancy of Applebee’s and the recent renewal, shows the strength of the area and long term viability of the offering.