Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of IHOP, a 5,157-square foot single tenant building in Lilburn, GA, according to Michael J. Fasano, regional manager of the firm’s Atlanta office. The asset sold for $2,690,000.

Brian Munn, Senior Vice President Investments in Marcus & Millichap’s Atlanta office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.

IHOP is located at 4018 Lawrenceville Hwy NW in Lilburn, GA. Lilburn is part of the Atlanta MSA and located approximately 25 miles northeast of downtown. Currently, there are almost 250,000 people in the 5-mile radius from the property, with an expected growth rate of 4.3% +/- over the next 5 years. IHOP sits in a strong retail corridor with other national retailers in the immediate area including: Kroger, CVS, Family Dollar, AutoZone, Hibbett Sports, Dollar Tree, Pep Boys, Kaufman Tire, Discount Tire, Bank of America, AT&T, McDonalds, Wendy’s, Dunkin Donuts, Arby’s, Popeye’s, Captain D’s, Pizza Hut, and Waffle House.

About Marcus & Millichap (NYSE: MMI)

With over 1,800 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 9,000 transactions in 2017 with a value of approximately $42.2 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com