Japanese Restaurant with Hibachi
For Sale
$5,700,000
35 Mill Road, McDonough, GA 30253
The sale includes the operating business, real estate, furniture, fixtures, and equipment.
Property Size11,725 SF
Days on Market8
Property Features for 35 Mill Road
General Information
Standard status
Active
Size
11,725 SF
Property subtype
Business
Additional Details
Furnished
Yes
Business Included
Yes
Equipment Included
Yes
Taxes and HOA fees
Annual Taxes
$39,558
Amenities
sushi bar
full-service bar
private banquet/event hall
indoor waterfall
Building Details
Building Size
11,725 SF
Year Built
2006
Listing Agency:
Y.I. Broker, LLC
Listed By:
Jenny Lee
(201) 873-0706
Source:
Waldriprealestate
Added: Oct 6
Changed: Oct 10
Last Checked: Oct 12 at 4:35PM
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 Y.I. Broker, LLC
Investment Insights
Based on property information with market context.
This Japanese restaurant property combines the operating business with its building and land. The interior includes 20 hibachi tables, a sushi bar, a full-service bar with liquor service, and a private banquet and event hall featuring an indoor waterfall. Furniture, fixtures, and equipment are included. The building was constructed in 2006.
The restaurant is operating and serves daily dining as well as private parties, corporate events, and larger celebrations. The property is located in McDonough, Georgia, amid nearby restaurant and commercial activity.
The restaurant is operating and serves daily dining as well as private parties, corporate events, and larger celebrations. The property is located in McDonough, Georgia, amid nearby restaurant and commercial activity.
Key Highlights
- Operating Japanese restaurant business included with the building and land
- 20 hibachi tables, a sushi bar, and a full‑service bar with liquor service
- Private banquet and event hall with an indoor waterfall
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$188,425
Cap Rate
3.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,768,500
$3.8M
Cap Rate 7%
$2,691,786
$2.7M
Cap Rate 9%
$2,093,611
$2.1M
Market Conditions
NOI Build-Up for 11,725 SF
Gross rent
$270.1K $23.04/SF
− Vacancy
−$18.9K −$1.61/SF
EGI
$251.2K $21.43/SF
− OpEx
−$62.8K −$5.36/SF
NOI
$188.4K $16.07/SF
Area
Henry 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%
$3,768,500
Cap Rate 7%
$2,691,786
Cap Rate 9%
$2,093,611
Alternative Uses
Best Use
Specialty Retail
$2.69M
$2.36M – $3.14M
NOI $188,425 @ 7.0% cap · market cap 3.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.28M
$2.87M – $3.82M
NOI $229,431 @ 7.0% cap · market cap 4.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
438
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30253, GA
62,025
Population
22,889
Households
2.7
Avg Household Size
36
Median Age
30%
College-Educated
93%
High-School Grad
46.9 sq mi
ZIP Area
1,322
Density / Sq Mi
$81,601
Median Household Income
$43,433
Median Earnings
$1,627
Median Rent
$281,000
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
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 - The sale includes the operating business, real estate, furniture, fixtures, and equipment.
Where is this conventional restaurant located?
The property is located at 35 Mill Road McDonough, GA.
What is the asking price?
The asking price for this property is $5,700,000.
What are key features of this property?
This property features: Operating Japanese restaurant business included with the building and land; 20 hibachi tables, a sushi bar, and a full‑service bar with liquor service; Private banquet and event hall with an indoor waterfall
