Profitable Liquor Store with Real
For Sale
Contact for pricing
1301 N Hill St, Griffin, GA 30223
High-performing liquor store with property for sale in Griffin, GA.
Property Size3,936 SF
Price / SF$279.47
Days on Market198
Property Features for 1301 N Hill St
General Information
Standard status
Active
Size
3,936 SF
Class
B
Property subtype
Business for Sale, Retail
Zoning
C-2
Investment Type
Owner/User
Building Details
Buildings
1
Listing Agency:
National Representative Realty
(770) 568-3495
Listed By:
SANG SEOL · License #377559
Source:
Crexi
Added: Jan 26
Changed: Aug 8
Last Checked: Aug 12 at 5:53AM
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 National Representative Realty
Investment Insights
Based on property information with market context.
A freestanding retail building, totaling approximately 3,936 square feet including a full basement, is available for purchase in Griffin, Georgia. Currently owner-operated, the property has a proven operating history as a high-performing liquor store. The business has demonstrated consistent annual gross sales in the $1.45M–$1.56M range over the past three years, maintaining stable margins despite new competition entering the market approximately two years ago. The property features a drive-thru window, excess land, and on-site parking. The fully built-out retail space includes walk-in coolers, shelving, a POS system, and security infrastructure. The full basement provides significant storage capacity and supports efficient bulk inventory management. The sale includes both the business and the real estate, eliminating lease risk and offering long-term stability for an owner-user or investor. This opportunity is well suited for an owner-operator, investor, or E-2 visa buyer seeking a stable, income-producing retail asset with operational upside.
Key Highlights
- High‑performing liquor store with annual gross sales of $1.45M–$1.56M.
- Sale includes both the business and the real estate.
- Freestanding 3,936 SF retail building with a full basement.
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
$63,253
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
5.75%
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%
$1,265,060
$1.3M
Cap Rate 7%
$903,614
$903.6K
Cap Rate 9%
$702,811
$702.8K
Market Conditions
NOI Build-Up for 3,936 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
$90.7K $23.04/SF
− Vacancy
−$6.3K −$1.61/SF
EGI
$84.3K $21.43/SF
− OpEx
−$21.1K −$5.36/SF
NOI
$63.3K $16.07/SF
Area
Spalding 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 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%
$1,265,060
Cap Rate 7%
$903,614
Cap Rate 9%
$702,811
Alternative Uses
Best Use
Specialty Retail
$903.6K
$790.7K – $1.05M
NOI $63,253 @ 7.0% cap · market cap 5.75%
Second Best
Retail
$790.9K
$692.0K – $922.7K
NOI $55,361 @ 7.0% cap · market cap 5.03%
Theoretical Best
Office A
$1.11M
$967.1K – $1.29M
NOI $77,366 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
279
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 30223, GA
38,111
Population
15,647
Households
2.4
Avg Household Size
41
Median Age
15%
College-Educated
84%
High-School Grad
108.0 sq mi
ZIP Area
353
Density / Sq Mi
$56,940
Median Household Income
$34,305
Median Earnings
$1,025
Median Rent
$186,900
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?
Grocery and convenience store - High-performing liquor store with property for sale in Griffin, GA.
Where is this grocery and convenience store located?
The property is located at 1301 N Hill St Griffin, GA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: High‑performing liquor store with annual gross sales of $1.45M–$1.56M.; Sale includes both the business and the real estate.; Freestanding 3,936 SF retail building with a full basement.
