INVESTMENT OFFERING
SAB Capital is pleased to present IHOP in Lithonia, Georgia. The site is an Absolute Triple Net lease (NNN) with zero landlord responsibilities. There are over six years remaining on term with a scheduled 10% rent increase in 2024. The site is located on an access route to the Mall at Stonecrest, a shopping hub spanning over one million square feet with several national retailers serving as pad sites. The area boasts strong market demographics, with over 438,000 residents within ten miles of the subject, and over 2,700,000 square feet of existing retail space within one mile of the subject. Lithonia is approximately 18 miles east of Atlanta.
- IHOP in Lithonia, GA | Approximately 18 Miles East of Atlanta
- Absolute Triple Net Lease Terms (NNN) | Zero Landlord Responsibilities
- Located On Access Route of the Mall at Stonecrest | 1M+ SF Shopping Center With Several National Retailers Serving as Pad Sites
- Extremely Dense Trade Area | Over 2.7M SF of Existing Retail Space Within 1 Mile of the Subject
- Scheduled Rent Increase | 10% Rent Bump Occurring in 2024 and at the Beginning of Each Option
- Strong Population Demographics | Over 438,000 Residents Within 10 Miles of the Subject
- National Retailers Located Nearby the Subject: Chili’s, Arby’s, McDonald’s, Taco Bell, Applebee’s, TGI Fridays, Zaxby’s, Chick-fil-A, Olive Garden and Several Others
Tenant | Price | Cap Rate | Lease Type | Square Feet | Status |
---|---|---|---|---|---|
IHOP | $2,610,000 | 8.09% | Absolute Triple Net | 4,972 | Under Contract |