Freestanding
New
For Sale
$4,918,919
3230 Buford Dr, Buford, GA 30519
The corporate-guaranteed NNN lease features scheduled rent growth and four renewal options.
Property Size7,876 SF
Lot Size2.37 Acres
Price / SF$624.55
Days on Market3
Property Features for 3230 Buford Dr
General Information
Standard status
Active
Size
7,876 SF
Lot size
2.37 Acres
Property subtype
Restaurant
Lease Type
Absolute Net
Net Operating Income
$455,000
Financials
Asking Price
$4,918,919
Cap Rate
9.25%
Site & Location
Traffic Count
46,039 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Tenant in Place
Yes
Amenities
NNN Lease | Zero Landlord Responsibilities
±13 Years Remaining (Expires July 2039)
2% Annual Rent Increases
Corporate Guaranty
9.25% CAP on $455,000 NOI
Buford Dr (±46,039 VPD) w/ Access to I-985 and I-85
Mall of Georgia Trade Area, #1 Regional Mall in GA
Atlanta MSA: 6.45 Million Residents
Building Details
Building Size
7,876 SF
Buildings
1
Tenancy
Single
Listing Agency:
Marcus & Millichap - Los Angeles
Listed By:
Jason Fefer · License #License(s): CA: 02100489
(310) 909-2394
Source:
Marcusmillichap
Added: Oct 24
Changed: Oct 25
Last Checked: Oct 24 at 2:47PM
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 Marcus & Millichap - Los Angeles
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding Red Lobster restaurant contains 7,876 square feet on a 2.37-acre site. The corporate-guaranteed NNN lease began in March 2020 and extends through July 2039, with four five-year renewal options and 2% annual rent increases. The lease has no landlord responsibilities.
The property fronts Buford Drive, which carries ±46,039 vehicles per day, and has direct access to I-985 and I-85, where traffic is ±90,371 vehicles per day. The site is in the Mall of Georgia trade area, with a Portillo’s permitted for development directly across Buford Drive. Buford High School and Gwinnett Field are also nearby.
The property fronts Buford Drive, which carries ±46,039 vehicles per day, and has direct access to I-985 and I-85, where traffic is ±90,371 vehicles per day. The site is in the Mall of Georgia trade area, with a Portillo’s permitted for development directly across Buford Drive. Buford High School and Gwinnett Field are also nearby.
Key Highlights
- Freestanding Red Lobster restaurant with 7,876 square feet on 2.37 acres
- Corporate‑guaranteed NNN lease runs through July 2039
- Lease began in March 2020, with four (4) five‑year renewal options
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Lease Details
46,039 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,090
Businesses Nearby
1.1M
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 44%
Dining 23%
Shops & Services 16%
Superstores 13%
Macy's
Apparel
150,734 visits/mo
0.2 miles
Costco Wholesale
Superstores
136,798 visits/mo
0.4 miles
DICK'S Sporting Goods
Apparel
86,434 visits/mo
0.4 miles
Dillard's
Apparel
65,345 visits/mo
0.3 miles
Raising Cane's Chicken Fingers
Dining
65,211 visits/mo
0.4 miles
Demographics for 30519, GA
54,608
Population
18,734
Households
2.9
Avg Household Size
37
Median Age
37%
College-Educated
90%
High-School Grad
33.8 sq mi
ZIP Area
1,616
Density / Sq Mi
$98,846
Median Household Income
$50,265
Median Earnings
$1,816
Median Rent
$377,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The corporate-guaranteed NNN lease features scheduled rent growth and four renewal options.
Where is this conventional restaurant located?
The property is located at 3230 Buford Dr Buford, GA.
What is the asking price?
The asking price for this property is $4,918,919.
What are key features of this property?
This property features: Freestanding Red Lobster restaurant with 7,876 square feet on 2.37 acres; Corporate‑guaranteed NNN lease runs through July 2039; Lease began in March 2020, with four (4) five‑year renewal options
