Lazy Dog - Alpharetta, GA

Jones Lang LaSalle Americas, Inc. (“JLL”), is pleased to exclusively offer for sale the single-tenant Lazy Dog (the “Property” or “Asset”) located at 10800 Haynes Bridge Rd, Alpharetta, Georgia. The Property is 100% leased by Lazy Dog Restaurant & Bar (“Lazy Dog” the “Tenant”) under an original 20-year ground lease with 19 years of term remaining, 10.0% rent bumps every 5 years, subject to four consecutive 5-year extension options.

Lazy Dog is a growing national restaurant concept that currently has 51 stores built with 6 more under construction. The restaurant features a dog- and kid-friendly atmosphere with a large menu, hard roof patio, and a beer club membership. In 2023 Lazy Dog generated nearly $400 million in revenues.

The Asset is positioned within a newly developed shopping center next to North Point Mall which attracts more than 4 million shoppers annually. Major retailers surrounding the Property include Target, Macy’s, Dick’s Sporting Goods, Hobby Lobby, and AMC. Development plans are underway to revitalize the mall into a transformative mixed-use village which will add 900 residential units, outdoor restaurant & retail space, offices, and an outdoor theatre for concerts. Additionally, it is a leading site candidate for a future NHL expansion team. The city of Alpharetta is approximately 25 miles north of downtown Atlanta within the prominent North Fulton submarket. With average household incomes exceeding $175,000, Alpharetta is one of the most affluent communities within the Atlanta metro. In recent years Alpharetta has flourished with new development activity which has welcomed families and businesses to the community. Since 2010, the surrounding 1-mile population has grown by over 40%.

This Asset presents the opportunity to acquire a new construction retail asset in a premier Sunbelt market with an expanding tenant on a NNN lease.