Established Liquor Store with Expansion
For Sale
$599,000
10441 Millarden Rd, Woodbury, GA 30293
Turn-key liquor store with real estate and expansion opportunities.
Property Size1,500 SF
Lot Size0.55 Acres
Price / SF$399.33
Days on Market142
Property Features for 10441 Millarden Rd
General Information
Standard status
Active
Size
1,500 SF
Lot size
0.55 Acres
Building Details
Year Built
1973
Listing Agency:
Meadows Hale Realty Inc
Listed By:
Julie G'Vitale · License #415441
(706) 846-3161
Source:
Jetsetrealty
Added: May 25
Changed: Oct 8
Last Checked: Oct 5 at 11:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Meadows Hale Realty Inc
Investment Insights
Based on property information with market context.
Located at 10441 Millarden Road (GA-85) in Woodbury, Meriwether County, the Woodbury Tobacco & Liquor Store presents an opportunity to acquire a long-established business. The sale includes approximately 0.55 acres of real estate, the business itself, point-of-sale system, goodwill, and approximately $49,000 in inventory. The store has been in operation for over 50 years and holds a full-service liquor license. The property's layout and ample space offer potential for expansion, such as adding a convenience retail section, back-room game machines, or check-cashing services. The store is open six days a week and serves a loyal customer base. The property is positioned along a high-visibility corridor, providing accessibility. Downtown Woodbury is located approximately 5 minutes away. Newnan and LaGrange are both approximately 40 minutes away, offering major retail, medical, and employment centers. Peachtree City is roughly 45 minutes away. Columbus is about 60 minutes away and features Fort Moore and a large regional economy. Hartsfield-Jackson Atlanta International Airport is within approximately 70 minutes, connecting the property to regional and national markets. The property size is 1500 square feet.
Key Highlights
- Seller financing available for a turn‑key business opportunity.
- Long‑established (50+ years) tobacco and liquor store with a loyal customer base.
- Includes real estate (approx. 0.55 acres), business, PoS, goodwill, and inventory (approx. $49,000).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,106
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$482,120
$482.1K
Cap Rate 7%
$344,371
$344.4K
Cap Rate 9%
$267,844
$267.8K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$34.6K $23.04/SF
− Vacancy
−$2.4K −$1.61/SF
EGI
$32.1K $21.43/SF
− OpEx
−$8.0K −$5.36/SF
NOI
$24.1K $16.07/SF
Area
Meriwether County, GA
Vacancy
7.00%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$482,120
Cap Rate 7%
$344,371
Cap Rate 9%
$267,844
Alternative Uses
Best Use
Specialty Retail
$344.4K
$301.3K – $401.8K
NOI $24,106 @ 7.0% cap · market cap 4.02%
Second Best
Retail
$301.4K
$263.7K – $351.6K
NOI $21,098 @ 7.0% cap · market cap 3.52%
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.
How Realmo checks its estimates
Property Analytics
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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- ATM (Woodbury Food) — 10966 Millarden Rd, Woodbury, GA 30293
- Ingles Market — 11078 Millarden Rd, Woodbury, GA 30293
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Turn-key liquor store with real estate and expansion opportunities.
Where is this grocery and convenience store located?
The property is located at 10441 Millarden Rd 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: Seller financing available for a turn‑key business opportunity.; Long‑established (50+ years) tobacco and liquor store with a loyal customer base.; Includes real estate (approx. 0.55 acres), business, PoS, goodwill, and inventory (approx. $49,000).
