Absolute NNN Restaurant
For Sale
Contact for pricing
3101 Canton Road, Marietta, GA 30066
Martin’s Restaurant is offered with an absolute NNN lease with 18 years remaining and four five-year renewal options.
Property Size4,700 SF
Lot Size0.95 Acres
Price / SF$428.81
Days on Market126
Property Features for 3101 Canton Road
General Information
Standard status
Active
Size
4,700 SF
Lot size
0.95 Acres
Property subtype
Retail
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$141,072
Building Details
Year Built
2015
Tenancy
Single
Listing Agency:
CBRE - Atlanta
Listed By:
Brian Pfohl · License #GA 349355
(404) 504-7893
Source:
Crexi
Added: Jun 18
Changed: Oct 16
Last Checked: Oct 20 at 6:23PM
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 CBRE - Atlanta
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Investment Insights
Based on property information with market context.
CBRE is pleased to offer the 4,700-square-foot Martin’s Restaurant situated on 0.95 acres. The property is under an absolute NNN lease.
The lease has approximately 18 years of term remaining and includes four, five-year renewal options. Rent increases occur on each anniversary of July 1st throughout the initial term and renewal options, increasing by the greater of (i) 2% or (ii) the change in CPI, with a cap of 3%.
This offering is structured for buyers seeking a leased restaurant asset with long remaining term and scheduled rent escalations tied to CPI, subject to the stated maximum increase.
The lease has approximately 18 years of term remaining and includes four, five-year renewal options. Rent increases occur on each anniversary of July 1st throughout the initial term and renewal options, increasing by the greater of (i) 2% or (ii) the change in CPI, with a cap of 3%.
This offering is structured for buyers seeking a leased restaurant asset with long remaining term and scheduled rent escalations tied to CPI, subject to the stated maximum increase.
Key Highlights
- 4,700 SF Martin’s Restaurant on 0.95 acres in Marietta, GA (Atlanta MSA).
- Absolute NNN lease in place with 18 years of term remaining.
- Lease includes four, 5‑year renewal options.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,531
Cap Rate
3.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,510,620
$1.5M
Cap Rate 7%
$1,079,014
$1.1M
Cap Rate 9%
$839,233
$839.2K
Market Conditions
NOI Build-Up for 4,700 SF
Gross rent
$108.3K $23.04/SF
− Vacancy
−$7.6K −$1.61/SF
EGI
$100.7K $21.43/SF
− OpEx
−$25.2K −$5.36/SF
NOI
$75.5K $16.07/SF
Area
Cobb 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 Rate 5%
$1,510,620
Cap Rate 7%
$1,079,014
Cap Rate 9%
$839,233
Alternative Uses
Best Use
Specialty Retail
$1.08M
$944.1K – $1.26M
NOI $75,531 @ 7.0% cap · market cap 3.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.32M
$1.15M – $1.54M
NOI $92,383 @ 7.0% cap · market cap 4.58%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
509
Businesses Nearby
125k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Shops & Services 23%
Home Improvements & Furnishings 21%
Superstores 15%
Old Time Pottery
Home Improvements & Furnishings
19,965 visits/mo
0.2 miles
Big Lots
Superstores
19,086 visits/mo
0.3 miles
McDonald's
Dining
18,399 visits/mo
0.2 miles
Taco Bell
Dining
10,433 visits/mo
0.2 miles
Wendy's
Dining
9,343 visits/mo
0.1 miles
Demographics for 30066, GA
62,417
Population
23,632
Households
2.6
Avg Household Size
38
Median Age
53%
College-Educated
95%
High-School Grad
27.2 sq mi
ZIP Area
2,295
Density / Sq Mi
$112,067
Median Household Income
$57,687
Median Earnings
$1,760
Median Rent
$373,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Johnboy's Home Cooking — 3050 Canton Rd, Marietta, GA 30066
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Martin’s Restaurant is offered with an absolute NNN lease with 18 years remaining and four five-year renewal options.
Where is this conventional restaurant located?
The property is located at 3101 Canton Road Marietta, GA.
What is the asking price?
The asking price for this property is $2,015,400.
What are key features of this property?
This property features: 4,700 SF Martin’s Restaurant on 0.95 acres in Marietta, GA (Atlanta MSA).; Absolute NNN lease in place with 18 years of term remaining.; Lease includes four, 5‑year renewal options.
