Retail Site at Signalized
For Sale
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3720 BUFORD DR, Buford, GA 30519
Retail property with strong access and visibility at a signalized intersection near GA-20 and I-985.
Property Size63,008 SF
Price / SF$207.12
Days on Market142
Property Features for 3720 BUFORD DR
General Information
Standard status
Active
Size
63,008 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$882,112
Site & Location
Traffic Count
84,500 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2019
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Marcus & Millichap - Atlanta
(510) 289-1166
Listed By:
Brian Munn · License #GA 263081
Source:
Crexi
Added: Apr 11
Changed: Aug 26
Last Checked: Aug 29 at 12:40PM
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 - Atlanta
Investment Insights
Based on property information with market context.
The subject property is strategically situated with strong access and visibility at a signalized intersection of Plunkett Road and Buford Drive/GA-20, near its junction with I-985. The site is located within Buford’s primary retail corridor, positioned adjacent to major retail centers and tenants.
Area context includes proximity to the Mall of Georgia, a 200+ tenant super-regional shopping center anchored by Belk, Dillard’s, Von Maur, and Macy’s. Other nearby shopping centers referenced in the materials include Mill Creek Crossing (anchored by Walmart and Lowe’s), The Plaza (tenants include LA Fitness and BB&T), Mall of Georgia Crossing (including Target, Homegoods, TJ Maxx, and ULTA Beauty), the Marketplace at Millcreek (including Costco and REI), and Sugar Hill Station (anchored by Big Lots and Dollar Tree).
The surrounding retail mix also includes tenants such as Sam’s Club, Planet Fitness, Home Depot, At Home, Tuesday Morning, Lowe’s Home Improvement, and more. Demographics highlighted include a population of 132,010 within a five-mile radius and average household income exceeding $123,820 within one mile, with more than 51% of households earning over $100,000 annually.
Area context includes proximity to the Mall of Georgia, a 200+ tenant super-regional shopping center anchored by Belk, Dillard’s, Von Maur, and Macy’s. Other nearby shopping centers referenced in the materials include Mill Creek Crossing (anchored by Walmart and Lowe’s), The Plaza (tenants include LA Fitness and BB&T), Mall of Georgia Crossing (including Target, Homegoods, TJ Maxx, and ULTA Beauty), the Marketplace at Millcreek (including Costco and REI), and Sugar Hill Station (anchored by Big Lots and Dollar Tree).
The surrounding retail mix also includes tenants such as Sam’s Club, Planet Fitness, Home Depot, At Home, Tuesday Morning, Lowe’s Home Improvement, and more. Demographics highlighted include a population of 132,010 within a five-mile radius and average household income exceeding $123,820 within one mile, with more than 51% of households earning over $100,000 annually.
Key Highlights
- Strong access and visibility at a signalized intersection of Plunkett Rd and Buford Dr/GA‑20 (84,500 AADT).
- Near the junction of I‑985 (59,000 AADT) and approximately 3.5 miles from I‑985’s junction with I‑85 (151,710 AADT).
- Located in Buford’s primary retail corridor with nearby major retail centers and national tenants.
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
$731,977
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
5.61%
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%
$14,639,540
$14.6M
Cap Rate 7%
$10,456,814
$10.5M
Cap Rate 9%
$8,133,078
$8.1M
Market Conditions
NOI Build-Up for 63,008 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
$1.13M $18.00/SF
− Vacancy
−$88.5K −$1.40/SF
EGI
$1.05M $16.60/SF
− OpEx
−$313.7K −$4.98/SF
NOI
$732.0K $11.62/SF
Area
Gwinnett County, GA
Vacancy
7.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$14,639,540
Cap Rate 7%
$10,456,814
Cap Rate 9%
$8,133,078
Alternative Uses
Best Use
Retail
$10.46M
$9.15M – $12.20M
NOI $731,977 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$17.61M
$15.41M – $20.55M
NOI $1,232,920 @ 7.0% cap · market cap 9.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
84,500 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
449
Businesses Nearby
405k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 35%
Superstores 29%
Dining 21%
Apparel 8%
Walmart
Superstores
116,081 visits/mo
0.3 miles
QuikTrip
Shops & Services
45,106 visits/mo
0.4 miles
Texas Roadhouse
Dining
40,770 visits/mo
0.3 miles
Academy Sports + Outdoors
Apparel
33,617 visits/mo
0.2 miles
7 Brew Coffee
Dining
25,509 visits/mo
0.3 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail property with strong access and visibility at a signalized intersection near GA-20 and I-985.
Where is this retail space located?
The property is located at 3720 BUFORD DR Buford, GA.
What is the asking price?
The asking price for this property is $13,050,000.
What are key features of this property?
This property features: Strong access and visibility at a signalized intersection of Plunkett Rd and Buford Dr/GA‑20 (84,500 AADT).; Near the junction of I‑985 (59,000 AADT) and approximately 3.5 miles from I‑985’s junction with I‑85 (151,710 AADT).; Located in Buford’s primary retail corridor with nearby major retail centers and national tenants.
