Occupied Glory Days Grill
For Sale
Contact for pricing
3951 Arkwright Rd, Macon, GA 31210
Current Glory Days Grill restaurant next to a traffic light intersection for convenient access.
Property Size7,163 SF
Price / SF$209.41
Days on Market898
Property Features for 3951 Arkwright Rd
General Information
Standard status
Active
Size
7,163 SF
Property subtype
RETAIL
Additional Details
Highway Access
Yes
Listing Agency:
SRS Real Estate Partners - Atlanta
(404) 231-2232
Listed By:
Scott Tiernan · License #318675
(678) 420-1385
Source:
Moodyscre
Added: Apr 4, 2024
Changed: Aug 23
Last Checked: Sep 18 at 11:32AM
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 SRS Real Estate Partners - Atlanta
Investment Insights
Based on property information with market context.
This property is currently operating as a Glory Days Grill restaurant. The offering totals 7,163 square feet and is presented as an occupied restaurant use.
The location is right off highly traveled I-75 and is surrounded by numerous hotels and popular chain restaurants. The site sits next to a traffic light intersection, providing easy accessibility and supporting a high daytime population in the immediate area.
For buyers seeking a turnkey restaurant setup in a hospitality- and retail-heavy corridor, this site offers straightforward access and an established operating use.
The location is right off highly traveled I-75 and is surrounded by numerous hotels and popular chain restaurants. The site sits next to a traffic light intersection, providing easy accessibility and supporting a high daytime population in the immediate area.
For buyers seeking a turnkey restaurant setup in a hospitality- and retail-heavy corridor, this site offers straightforward access and an established operating use.
Key Highlights
- Current 7,163 SF Glory Days Grill restaurant
- Located right off highly traveled I‑75
- Next to a traffic light intersection for easy accessibility
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
$79,114
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
5.27%
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%
$1,582,280
$1.6M
Cap Rate 7%
$1,130,200
$1.1M
Cap Rate 9%
$879,044
$879.0K
Market Conditions
NOI Build-Up for 7,163 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
$111.7K $15.60/SF
− Vacancy
−$6.3K −$0.87/SF
EGI
$105.5K $14.73/SF
− OpEx
−$26.4K −$3.68/SF
NOI
$79.1K $11.04/SF
Area
Macon, GA
Vacancy
5.60%
Lease Rate
$15.60 /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%
$1,582,280
Cap Rate 7%
$1,130,200
Cap Rate 9%
$879,044
Alternative Uses
Best Use
Specialty Retail
$1.13M
$988.9K – $1.32M
NOI $79,114 @ 7.0% cap · market cap 5.27%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.37M
$1.20M – $1.60M
NOI $95,927 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
550
Businesses Nearby
321k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 79%
Shops & Services 11%
Hotels & Casinos 9%
Chick-fil-A
Dining
56,578 visits/mo
0.4 miles
Starbucks
Dining
30,610 visits/mo
0.5 miles
Cracker Barrel Old Country Store
Dining
23,977 visits/mo
0.2 miles
Panda Express
Dining
19,033 visits/mo
0.4 miles
Circle K
Shops & Services
18,642 visits/mo
0.1 miles
Demographics for 31210, GA
35,345
Population
15,768
Households
2.2
Avg Household Size
39
Median Age
48%
College-Educated
95%
High-School Grad
41.3 sq mi
ZIP Area
856
Density / Sq Mi
$82,158
Median Household Income
$44,231
Median Earnings
$1,260
Median Rent
$259,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Current Glory Days Grill restaurant next to a traffic light intersection for convenient access.
Where is this conventional restaurant located?
The property is located at 3951 Arkwright Rd Macon, GA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Current 7,163 SF Glory Days Grill restaurant; Located right off highly traveled I‑75; Next to a traffic light intersection for easy accessibility
