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 Market80
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: Aug 13
Last Checked: Sep 4 at 7:28AM
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
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 = 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
$75,531
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
3.75%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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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.
