1530 Georgia Highway 16 W Griffin, GA 30223
2,912-sf restaurant building with ample parking and direct frontage in front of Kroger in Griffin, GA.
Property Features for 1530 Georgia Highway 16 W
General Information
- Standard status
- Active
- Size
- 2,912 SF
Listing office McLeRoy Realty (770) 584-3896
Listing date Oct 24, 2025
Source Exprealty
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Investment Insights
Based on property information with market context.
Located at 1530 Georgia Highway 16 W in Griffin, the building sits directly in front of Kroger on a busy corridor. The public remarks describe the site as providing strong visibility and exposure from a high-traffic roadway.
For restaurant operators, this property offers an established, restaurant-focused footprint on a prominent commercial frontage, along with parking and straightforward access for patrons. For investors or business buyers, it presents a single, dedicated building positioned for retail-area traffic, with the advantage of an existing operating presence at the time of sale.
Key Highlights
- 2,912 sq. ft. commercial building currently home to Griffin's Big Chic
- Direct frontage in front of Kroger on a busy commercial corridor in Griffin, GA
- Ideal for restaurant or business use based on the existing restaurant tenant space
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.1k | $23.04 |
| − Vacancy | −$4.7k | −$1.61 |
| EGI | $62.4k | $21.43 |
| − OpEx | −$15.6k | −$5.36 |
| NOI | $46.8k | $16.07 |
