Freestanding NNN
2637 Main St W Snellville, GA 30078
2637 Main St W, Snellville, GA, 30078
$720,996
For Sale
$720,996
Absolute NNN leased Captain D’s restaurant with long-term term through June 30, 2029 and renewal options.
Property Size2,492 SF
Lot Size0.80 Acres
Price / SF$289.32
Days on Market70
Property Features for 2637 Main St W
General Information
- Standard status
- Active
- Size
- 2,492 SF
- Lot size
- 0.80 Acres
- Property subtype
- Restaurant
Listing agency
Miami Office
(786) 522-7083
Listed by
Roee E. Ben-Moshe · License #License(s): FL: BK3248800
(786) 522-7083
Source
Marcusmillichap
Added: May 14 Updated: Jul 22 at 11:07AM Checked: Jul 22 at 11:07AM
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 Miami Office
Investment Insights
Based on property information with market context.
Offered for sale, this Captain D’s is a freestanding restaurant on an approximately 0.803-acre parcel. The 2,492-square-foot building is leased on an absolute NNN basis, with the lease scheduled through June 30, 2029. The lease also includes four additional five-year renewal options and provides for 1.5% annual rent increases.
The property is located on a major retail corridor with exposure to approximately 45,600 vehicles per day and benefits from strong visibility and access. It is within walking distance of Piedmont Eastside Medical Center, a full-service regional hospital.
For buyers seeking a long-term, passive income profile backed by built-in escalations, this absolute NNN arrangement limits landlord responsibilities while maintaining income growth over the initial lease term and renewal periods.
The property is located on a major retail corridor with exposure to approximately 45,600 vehicles per day and benefits from strong visibility and access. It is within walking distance of Piedmont Eastside Medical Center, a full-service regional hospital.
For buyers seeking a long-term, passive income profile backed by built-in escalations, this absolute NNN arrangement limits landlord responsibilities while maintaining income growth over the initial lease term and renewal periods.
Key Highlights
- Absolute NNN leased Captain D’s restaurant at 2637 Main Street West, Snellville, GA
- 2,492 SF freestanding building on a 0.803‑acre parcel
- Lease term runs through June 30, 2029 with four additional five‑year renewal options
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 | $57.4k | $23.04 |
| − Vacancy | −$4.0k | −$1.61 |
| EGI | $53.4k | $21.43 |
| − OpEx | −$13.3k | −$5.36 |
| NOI | $40.0k | $16.07 |
2,492 SF · lease $23.04/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$572.1K
$500.6K – $667.5K
NOI $40,047 @ 7.0% cap · market cap 5.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$696.6K
$609.5K – $812.7K
NOI $48,763 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
Similar Off Market Nearby
- M & J Home Cooking Snellville — 3050 Main St W, Snellville, GA 30078
- Hot & Cold Buffet Restaurant — 2302 Main St E, Snellville, GA 30078
FAQs
What type of property is this?
Conventional restaurant - Absolute NNN leased Captain D’s restaurant with long-term term through June 30, 2029 and renewal options.
Where is this conventional restaurant located?
The property is located at 2637 Main St W Snellville, GA.
What is the asking price?
The asking price for this property is $720,996.
What are key features of this property?
This property features: Absolute NNN leased Captain D’s restaurant at 2637 Main Street West, Snellville, GA; 2,492 SF freestanding building on a 0.803‑acre parcel; Lease term runs through June 30, 2029 with four additional five‑year renewal options
