Single Tenant Restaurant
For Sale
Contact for pricing
Pending
3460 Cypress Mill Rd, Brunswick, GA 31520
Restaurant building for sale, currently operating on a month-to-month lease.
Property Size2,780 SF
Lot Size0.52 Acres
Days on Market658
Property Features for 3460 Cypress Mill Rd
General Information
Standard status
Pending
Size
2,780 SF
Class
B
Lot size
0.52 Acres
Property subtype
Retail
Zoning
HC
Lease Type
Net
Building Details
Year Built
1976
Year Renovated
1990
Tenancy
Single
Listing Agency:
Driggers Commercial Group Inc
Listed By:
Russell Sweat · License #GA 150051
(912) 634-5900
Source:
Crexi
Added: Nov 18, 2024
Changed: Aug 8
Last Checked: Jul 25 at 1:49PM
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 Driggers Commercial Group Inc
Investment Insights
Based on property information with market context.
This single-tenant restaurant building, situated on a 0.52-acre site, offers 2,780 square feet of space. The property is zoned for highway commercial use and is an outparcel to Cypress Mill Square, a shopping center anchored by Big Lots. The location benefits from its proximity to national tenants such as McDonald’s, Walgreens, and Walmart Neighborhood Market. The daily traffic count along Cypress Mill Road in 2023 was 12,100.
Key Highlights
- Outparcel to Cypress Mill Square (Big Lots anchored shopping center)
- Highway Commercial Zoning
- Located near McDonald’s, Walgreens and Walmart Neighborhood Market
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
$27,283
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
4.87%
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%
$545,660
$545.7K
Cap Rate 7%
$389,757
$389.8K
Cap Rate 9%
$303,144
$303.1K
Market Conditions
NOI Build-Up for 2,780 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
$39.0K $14.04/SF
− Vacancy
−$2.7K −$0.95/SF
EGI
$36.4K $13.09/SF
− OpEx
−$9.1K −$3.27/SF
NOI
$27.3K $9.81/SF
Area
Glynn County, GA
Vacancy
6.80%
Lease Rate
$14.04 /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%
$545,660
Cap Rate 7%
$389,757
Cap Rate 9%
$303,144
Alternative Uses
Best Use
Specialty Retail
$389.8K
$341.0K – $454.7K
NOI $27,283 @ 7.0% cap · market cap 4.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$577.0K
$504.8K – $673.1K
NOI $40,387 @ 7.0% cap · market cap 7.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
693
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 31520, GA
22,726
Population
10,619
Households
2.1
Avg Household Size
39
Median Age
16%
College-Educated
84%
High-School Grad
20.1 sq mi
ZIP Area
1,131
Density / Sq Mi
$37,652
Median Household Income
$26,292
Median Earnings
$936
Median Rent
$135,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant building for sale, currently operating on a month-to-month lease.
Where is this conventional restaurant located?
The property is located at 3460 Cypress Mill Rd Brunswick, GA.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: Outparcel to Cypress Mill Square (Big Lots anchored shopping center); Highway Commercial Zoning; Located near McDonald’s, Walgreens and Walmart Neighborhood Market
