Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Ground Lease Opportunity, Athens Title is generated by Realmo AI

    US Hwy 29 N & Talley Road, Athens, GA 30601

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    0.9 acre ground lease near Kroger with drive-thru option.

    Added:
    Nov 25, 2025
    Days on Market:
    177
    Last Refresh:
    Apr 6 at 1:17 am

    Property Features for US Hwy 29 N & Talley Road

    General Information

    Standard status
    Active

    Spaces For Lease

    at US Hwy 29 N & Talley Road Contact us

    We can help!

    Listing Contact
    Amy Kennedy

    Listing agent Amy Kennedy

    Listing office

    Listing date Nov 25, 2025

    Source Tscg

    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 Amy Kennedy

    HighLights

    • High‑traffic location in a development anchored by a top‑performing Kroger.
    • Ground lease opportunity on 0.9 acres with prominent pylon signage.
    • Drive‑thru allowed with stacking for up to 6 cars.
    • Utilities readily available: 8" Water Main & 8" Gravity Sewer run along the site's rear boundary line.
    • Surrounding land approved for high‑density multifamily development.
    • Up to 40 parking spaces available, including 2 ADA spaces.

    Overview

    This 0.9-acre site is available for ground lease within a development anchored by a high-volume Kroger, ranked 13 out of 163 in Georgia according to Placer.ai. The location benefits from prominent pylon signage and adjacency to a Panda Express. Off-site master detention is in place. The surrounding land is approved for multifamily development, allowing for up to 735 bedrooms. Utilities include an 8" water main and an 8" gravity sewer line running along the site's rear boundary. Drive-thru facilities are permitted, accommodating stacks of up to 6 cars. The site provides up to 38 parking spaces, plus 2 ADA-compliant spaces. Traffic counts on US Hwy 29 are 21,700 AADT, according to GA DOT.
    Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Map

    City
    Athens
    County
    Clarke
    State
    Georgia
    Longitude
    -83.3475
    Latitude
    34.0052

    Nearby Similar for Lease

    • $20 SF/Yr
      3,000 SF

      Stylish Commercial/Industrial Space Available

      Class-A commercial/industrial space in a live/work community for lease.
      151 Fritz Mar Lane, Athens, GA 30601
      View Details
    • $20 SF/Yr
      3,000 SF

      Modern Commercial/Industrial Live/Work Space

      Stylish 3,000 sq ft space in a growing Athens location.
      151 Fritz Mar Lane, Athens, GA 30601
      View Details
    • $2,750/Mo
      1,500 SF

      Medical Office Space Available Now

      Prime East Athens location, move-in ready medical office space.
      1060 Gaines School Road, Athens, GA 30605
      View Details
    • $2,400/Mo
      1,887 SF

      East Athens Office Space Available

      Office space for rent in growing East Athens area.
      770 Gaines School Road, Athens, GA 30605
      View Details
    • $4,000/Mo
      5,631 SF

      Spacious Office Space in Athens

      Prime office space in East Athens with flexible options.
      770 Gaines School Road, Athens, GA 30605
      View Details
    • $6,000/Mo
      7,548 SF

      Spacious Office in East Athens

      7548 sqft office space available for rent in Athens, GA.
      770 Gaines School Road, Athens, GA 30605
      View Details
    • $1,895/Mo
      898 SF

      Creative Space in Leathers Building

      Unique commercial space with mezzanine in iconic Athens building.
      675 Pulaski Street, Athens, GA 30601
      View Details
    • $1,700/Mo
      1,260 SF

      Office Space Near UGA

      Commercial space with multiple offices, meeting room, and reception.
      3720 Atlanta Highway, Athens, GA 30606
      View Details
    • $3,645/Mo
      5,000 SF

      Athens Commercial Space For Lease

      Versatile commercial space suitable for market, club, bar, or retail.
      215 Tallassee Road, Athens, GA 30606
      View Details
    • $25 SF/Yr
      2,865 SF

      New Commercial Space on Oconee

      New 2,865 SF commercial space for lease in Athens, GA.
      1280 Oconee Street, Athens, GA 30605
      View Details
    • $25 SF/Yr
      3,903 SF

      New Commercial Space on Oconee

      Energy-efficient commercial space in a dynamic Athens corridor. Delivery August 2026.
      1280 Oconee Street, Athens, GA 30605
      View Details
    • $3,645/Mo
      5,000 SF

      Athens Commercial Space For Lease

      Versatile commercial space suitable for market, club, bar, or store.
      215 Tallassee Road, Athens, GA 30606
      View Details

    FAQs

    What type of property is this?
    Drive through restaurant - 0.9 acre ground lease near Kroger with drive-thru option.
    Where is this drive through restaurant located?
    The property is located at US Hwy 29 N & Talley Road Athens, GA.
    What are key features of this property?
    This property features: High‑traffic location in a development anchored by a top‑performing Kroger.; Ground lease opportunity on 0.9 acres with prominent pylon signage.; Drive‑thru allowed with stacking for up to 6 cars.
    (770) 955-2434
    We can help!
    Listing Contact
    Amy Kennedy
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    US Hwy 29 N & Talley Road, Athens, GA 30601
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!