Freestanding Restaurant
New
For Sale
Contact for pricing
2166 Highpoint Road, Snellville, GA 30078
Single-story hospitality property with renovated improvements, extensive surface parking, and an active restaurant and bar operation.
Property Size6,714 SF
Lot Size1.45 Acres
Price / SF$252.46
Days on Market7
Property Features for 2166 Highpoint Road
General Information
Standard status
Active
Size
6,714 SF
Total Parking Spaces
120
Lot size
1.45 Acres
Property subtype
Retail
Additional Details
Asking Price
$1,695,000
Building Details
Buildings
1
Stories
1
Listing Agency:
Virtual Properties Realty
Listed By:
Eddie Matos · License #149427
Source:
Crexi
Added: Aug 31
Changed: Sep 5
Last Checked: Sep 5 at 3:22PM
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 Virtual Properties Realty
Investment Insights
Based on property information with market context.
This freestanding restaurant property includes an approximately 6,714-square-foot, single-story commercial building on approximately 1.45 acres. The improvements include an established restaurant and bar buildout, renovated interior and exterior elements, and approximately 120 surface parking spaces. An active restaurant and bar business currently operates at the site, with the business potentially included in the transaction.
Located at 2166 Highpoint Road in Snellville, Georgia, the property is within Gwinnett County and surrounded by residential communities, retail, service businesses, and other commercial development. The site’s existing configuration supports hospitality use, while the available building and land may accommodate other commercial or owner-user applications subject to zoning, permitting, and buyer due diligence. Potential applications identified for the property include medical or wellness, fitness, educational, daycare, religious or assembly, specialty retail, and service commercial uses.
Located at 2166 Highpoint Road in Snellville, Georgia, the property is within Gwinnett County and surrounded by residential communities, retail, service businesses, and other commercial development. The site’s existing configuration supports hospitality use, while the available building and land may accommodate other commercial or owner-user applications subject to zoning, permitting, and buyer due diligence. Potential applications identified for the property include medical or wellness, fitness, educational, daycare, religious or assembly, specialty retail, and service commercial uses.
Key Highlights
- Approximately 6,714 SF freestanding commercial building
- Approximately 1.45 acres / 63,162 SF site
- Approximately 120 surface parking spaces
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
$107,897
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
6.37%
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%
$2,157,940
$2.2M
Cap Rate 7%
$1,541,386
$1.5M
Cap Rate 9%
$1,198,856
$1.2M
Market Conditions
NOI Build-Up for 6,714 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
$154.7K $23.04/SF
− Vacancy
−$10.8K −$1.61/SF
EGI
$143.9K $21.43/SF
− OpEx
−$36.0K −$5.36/SF
NOI
$107.9K $16.07/SF
Area
Gwinnett 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%
$2,157,940
Cap Rate 7%
$1,541,386
Cap Rate 9%
$1,198,856
Alternative Uses
Best Use
Specialty Retail
$1.54M
$1.35M – $1.80M
NOI $107,897 @ 7.0% cap · market cap 6.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.88M
$1.64M – $2.19M
NOI $131,377 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
593
Businesses Nearby
87k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 58%
Shops & Services 42%
Chick-fil-A
Dining
40,794 visits/mo
0.1 miles
Speedway
Shops & Services
24,453 visits/mo
0.2 miles
7 Brew Coffee
Dining
9,486 visits/mo
0.3 miles
Family Dollar
Shops & Services
5,468 visits/mo
0.1 miles
BP
Shops & Services
3,536 visits/mo
0.1 miles
Demographics for 30078, GA
38,350
Population
13,784
Households
2.8
Avg Household Size
39
Median Age
42%
College-Educated
91%
High-School Grad
17.3 sq mi
ZIP Area
2,217
Density / Sq Mi
$90,054
Median Household Income
$44,657
Median Earnings
$1,641
Median Rent
$316,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Single-story hospitality property with renovated improvements, extensive surface parking, and an active restaurant and bar operation.
Where is this conventional restaurant located?
The property is located at 2166 Highpoint Road Snellville, GA.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Approximately 6,714 SF freestanding commercial building; Approximately 1.45 acres / 63,162 SF site; Approximately 120 surface parking spaces
