Storefront Liquor License
For Sale
$599,000
10441 Millarden GA-85 Road, Woodbury, GA 30293
Commercial Sale, Woodbury, GA
Property Size1,500 SF
Lot Size0.55 Acres
Price / SF$399.33
Days on Market156
Property Features for 10441 Millarden GA-85 Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Parking
45
Parking features
Parking Lot
Lot features
Level
Directions
From Atlanta, take I-75 South/GA-401 South toward Macon and Hartsfield-Jackson International Airport for approximately 4.5 miles, then take Exit 237A for GA-85 South toward Riverdale. Continue on GA-85 South for roughly 48 miles as it transitions into Millarden Road, and the property at 10441 Millarden Road, Woodbury, GA will be located on the right just past Tulip Street; if you reach Cove Road, you have gone slightly too far. GPS Friendly 10401 Millarden Rd Woodbury, GA 30293
Standard status
Active
APN
WO09078
Size
1,500 SF
Lot size
0.55 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1300
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1973
Flooring type
Concrete, Vinyl
Building materials
Concrete
Roof type
Composition
Listing Agency:
Meadows Hale Realty Inc
(706) 580-6545
Listed By:
Julie G'vitale
(706) 810-3581
Added: Mar 22
Changed: Aug 19
Last Checked: Aug 24 at 10:06AM
MLS# 10715587
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Woodbury Tobacco & Liquor Store is a long-established package store with more than 50 years of operation, offered as a turn-key business and real estate opportunity. The property includes approximately 0.55 acres and an estimated 1,500 square feet of interior space, built in 1973 with concrete construction and a composition roof. The flooring includes concrete and vinyl, and the building has central heating and central air. Parking is provided via an on-site parking lot. Public water and public sewer service are available, and cable is available.
The store is located within the city limits of Woodbury at 10441 Millarden Road (GA-85). The site sits along a high-visibility corridor with easy access to local and regional markets, including Downtown Woodbury about 5 minutes away, Newnan and LaGrange both approximately 40 minutes away, Peachtree City roughly 45 minutes away, and Columbus about 60 minutes away. Hartsfield-Jackson Atlanta International Airport is within approximately 70 minutes.
The business is described as being offered with PoS, goodwill, and inventory, and it operates six days per week. A full-service liquor license in good standing is included, and the layout is described as conducive to expansion, including the potential to add a convenience retail section and/or back-room game machines, with possible additional revenue from check-cashing services.
The store is located within the city limits of Woodbury at 10441 Millarden Road (GA-85). The site sits along a high-visibility corridor with easy access to local and regional markets, including Downtown Woodbury about 5 minutes away, Newnan and LaGrange both approximately 40 minutes away, Peachtree City roughly 45 minutes away, and Columbus about 60 minutes away. Hartsfield-Jackson Atlanta International Airport is within approximately 70 minutes.
The business is described as being offered with PoS, goodwill, and inventory, and it operates six days per week. A full-service liquor license in good standing is included, and the layout is described as conducive to expansion, including the potential to add a convenience retail section and/or back-room game machines, with possible additional revenue from check-cashing services.
Key Highlights
- More than 50 years of operation as a tobacco and liquor package store
- Approximately 0.55 acres with an estimated 1,500 SF storefront
- Full‑service liquor license in good standing and operating six days per week
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,098
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.52%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$421,960
$422.0K
Cap Rate 7%
$301,400
$301.4K
Cap Rate 9%
$234,422
$234.4K
Market Conditions
NOI Build-Up for 1,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$32.9K $21.96/SF
− Vacancy
−$2.8K −$1.87/SF
EGI
$30.1K $20.09/SF
− OpEx
−$9.0K −$6.03/SF
NOI
$21.1K $14.07/SF
Area
Meriwether County, GA
Vacancy
8.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$421,960
Cap Rate 7%
$301,400
Cap Rate 9%
$234,422
Alternative Uses
Best Use
Retail
$301.4K
$263.7K – $351.6K
NOI $21,098 @ 7.0% cap · market cap 3.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$419.3K
$366.9K – $489.2K
NOI $29,352 @ 7.0% cap · market cap 4.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
81
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30293, GA
2,650
Population
1,228
Households
2.2
Avg Household Size
49
Median Age
15%
College-Educated
81%
High-School Grad
75.7 sq mi
ZIP Area
35
Density / Sq Mi
$55,506
Median Household Income
$35,817
Median Earnings
$891
Median Rent
$91,900
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?
Storefront property - Woodbury tobacco and liquor storefront with full-service liquor license and parking lot, operating six days weekly.
Where is this storefront property located?
The property is located at 10441 Millarden GA-85 Road Woodbury, GA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: More than 50 years of operation as a tobacco and liquor package store; Approximately 0.55 acres with an estimated 1,500 SF storefront; Full‑service liquor license in good standing and operating six days per week
