Freestanding Restaurant with Full
For Sale
$3,888,000
1775 Browns Bridge Rd, Gainesville, GA 30501
Established restaurant improvements with indoor patio space, substantial parking, and direct exposure along Browns Bridge Road.
Property Size7,746 SF
Lot Size1.46 Acres
Price / SF$501.94
Days on Market33
Property Features for 1775 Browns Bridge Rd
General Information
Standard status
Active
Size
7,746 SF
Total Parking Spaces
98
Lot size
1.46 Acres
Additional Details
Frontage
180 ft
Amenities
indoor patio
Building Details
Year Built
1996
Buildings
1
Listing Agency:
Great Brokers Realty, LLC.
(770) 380-9370
Listed By:
Eric Huang
Source:
Atlantarealestatedirectory
Added: Jul 27
Changed: Aug 28
Last Checked: Aug 25 at 4:01AM
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 Great Brokers Realty, LLC.
Investment Insights
Based on property information with market context.
This freestanding restaurant property includes 7,746 square feet of improvements on 1.46 acres. The building incorporates an indoor patio and a full commercial kitchen equipped with a large cooler and freezer. The site also provides 98 parking spaces, supporting restaurant operations and customer access.
The property fronts Browns Bridge Road for 180 feet in Gainesville, Georgia, and is positioned next to LongHorn Steakhouse. Nearby national tenants include Red Lobster, Saxby's, Arby's, KFC, and Chick-fil-A. Hilton Garden Inn, Fairfield Inn by Marriott, and TownePlace Suites by Marriott are located directly behind the restaurant building. Constructed in 1996, the property is available for sale and lease.
The property fronts Browns Bridge Road for 180 feet in Gainesville, Georgia, and is positioned next to LongHorn Steakhouse. Nearby national tenants include Red Lobster, Saxby's, Arby's, KFC, and Chick-fil-A. Hilton Garden Inn, Fairfield Inn by Marriott, and TownePlace Suites by Marriott are located directly behind the restaurant building. Constructed in 1996, the property is available for sale and lease.
Key Highlights
- 7,746 SF restaurant building on 1.46 acres
- 180 feet of frontage on Browns Bridge Road
- Full restaurant kitchen with large cooler and freezer
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
$112,850
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
2.90%
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%
$2,257,000
$2.3M
Cap Rate 7%
$1,612,143
$1.6M
Cap Rate 9%
$1,253,889
$1.3M
Market Conditions
NOI Build-Up for 7,746 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
$162.7K $21.00/SF
− Vacancy
−$12.2K −$1.58/SF
EGI
$150.5K $19.43/SF
− OpEx
−$37.6K −$4.86/SF
NOI
$112.8K $14.57/SF
Area
Hall County, GA
Vacancy
7.50%
Lease Rate
$21.00 /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%
$2,257,000
Cap Rate 7%
$1,612,143
Cap Rate 9%
$1,253,889
Alternative Uses
Best Use
Specialty Retail
$1.61M
$1.41M – $1.88M
NOI $112,850 @ 7.0% cap · market cap 2.90%
Second Best
Industrial
$662.7K
$579.9K – $773.2K
NOI $46,391 @ 7.0% cap · market cap 1.19%
Theoretical Best
Office A
$2.17M
$1.90M – $2.53M
NOI $151,849 @ 7.0% cap · market cap 3.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
949
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30501, GA
29,779
Population
12,916
Households
2.3
Avg Household Size
33
Median Age
21%
College-Educated
71%
High-School Grad
21.9 sq mi
ZIP Area
1,360
Density / Sq Mi
$58,214
Median Household Income
$33,299
Median Earnings
$1,152
Median Rent
$249,900
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?
Conventional restaurant - Established restaurant improvements with indoor patio space, substantial parking, and direct exposure along Browns Bridge Road.
Where is this conventional restaurant located?
The property is located at 1775 Browns Bridge Rd Gainesville, GA.
What is the asking price?
The asking price for this property is $3,888,000.
What are key features of this property?
This property features: 7,746 SF restaurant building on 1.46 acres; 180 feet of frontage on Browns Bridge Road; Full restaurant kitchen with large cooler and freezer
