Freestanding Drive-Through
For Sale
$1,150,000
2484 E Main St, Snellville, GA 30078
Corner site supports dine-in, takeout, and delivery-oriented operations.
Property Size2,052 SF
Lot Size0.77 Acres
Price / SF$560.43
Days on Market17
Property Features for 2484 E Main St
General Information
Standard status
Active
Size
2,052 SF
Total Parking Spaces
62
Lot size
0.77 Acres
Site & Location
Drive-Thru
Yes
Traffic Count
36,000 vehicles/day
Building Details
Year Built
1981
Buildings
1
Listing Agency:
Serhant Georgia
(678) 707-2498
Listed By:
Tuy Luong · License #361064
Source:
Jetsetrealty
Added: Aug 13
Changed: Aug 28
Last Checked: Aug 28 at 3:55PM
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 Serhant Georgia
Investment Insights
Based on property information with market context.
This freestanding restaurant property in Snellville includes a drive-through configuration and a 0.77-acre site. The building offers flexibility for dine-in, takeout, or delivery-focused operations, while 62 parking spaces support customer access and daily activity. Constructed in 1981, the property is suited to continued restaurant use or adaptation for a food and beverage concept.
The corner location is positioned along a busy Gwinnett corridor with reported traffic exceeding 36,000 cars daily. Its combination of drive-through functionality, parking, and roadside exposure provides a practical format for operators seeking a restaurant site in Snellville.
The corner location is positioned along a busy Gwinnett corridor with reported traffic exceeding 36,000 cars daily. Its combination of drive-through functionality, parking, and roadside exposure provides a practical format for operators seeking a restaurant site in Snellville.
Key Highlights
- Drive‑through restaurant property on a 0.77‑acre lot
- Reported traffic of over 36,000 cars daily
- 62 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
$32,976
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
2.87%
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%
$659,520
$659.5K
Cap Rate 7%
$471,086
$471.1K
Cap Rate 9%
$366,400
$366.4K
Market Conditions
NOI Build-Up for 2,052 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
$47.3K $23.04/SF
− Vacancy
−$3.3K −$1.61/SF
EGI
$44.0K $21.43/SF
− OpEx
−$11.0K −$5.36/SF
NOI
$33.0K $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%
$659,520
Cap Rate 7%
$471,086
Cap Rate 9%
$366,400
Alternative Uses
Best Use
Specialty Retail
$471.1K
$412.2K – $549.6K
NOI $32,976 @ 7.0% cap · market cap 2.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$573.6K
$501.9K – $669.2K
NOI $40,153 @ 7.0% cap · market cap 3.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
36,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,895
Businesses Nearby
Explore this area
Business Placement
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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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Corner site supports dine-in, takeout, and delivery-oriented operations.
Where is this drive through restaurant located?
The property is located at 2484 E Main St Snellville, GA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Drive‑through restaurant property on a 0.77‑acre lot; Reported traffic of over 36,000 cars daily; 62 parking spaces
