Fully Equipped Conventional
For Sale
Contact for pricing
3725 Main St, College Park, GA 30337
Built-out restaurant space includes indoor and outdoor seating, a dedicated bar area, and commercial kitchen infrastructure.
Property Size2,800 SF
Price / SF$80.36
Days on Market147
Property Features for 3725 Main St
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Business for Sale
Investment Type
Value Add
Restaurant
Commercial Hood
Yes
Equipment Included
Yes
Additional Details
Asking Price
$225,000
Building Details
Buildings
2
Tenancy
Single
Listing Agency:
The Shumacher Group
Listed By:
Steven Josovitz · License #GA 164878
Source:
Crexi
Added: Apr 6
Changed: Aug 29
Last Checked: Aug 29 at 5:19PM
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 The Shumacher Group
Investment Insights
Based on property information with market context.
This 2,800 SF conventional restaurant includes a completed interior build-out, seating for 100, a 12-seat bar, outdoor seating, and 12-ft. hoods. The sale includes a fully equipped restaurant, while the Johnny’s name, brand, and recipes are excluded. The property opened in 2020 and is positioned for a new cuisine or operating concept.
The restaurant is located at 3725 Main St in downtown College Park’s Main Street district, near MARTA Main Street Station. The surrounding area includes hotels, offices, a convention center, and multiple hotel and mixed-use developments. Hartsfield-Jackson International Airport and the Georgia International Convention Center are minutes away.
The existing lease has almost 5 years remaining, with a landlord option to renew available. The property is within College Park’s restaurant district and offers an established restaurant configuration for continued operation or rebranding.
The restaurant is located at 3725 Main St in downtown College Park’s Main Street district, near MARTA Main Street Station. The surrounding area includes hotels, offices, a convention center, and multiple hotel and mixed-use developments. Hartsfield-Jackson International Airport and the Georgia International Convention Center are minutes away.
The existing lease has almost 5 years remaining, with a landlord option to renew available. The property is within College Park’s restaurant district and offers an established restaurant configuration for continued operation or rebranding.
Key Highlights
- 2,800 SF conventional restaurant with completed build‑out
- Seating for 100, including a 12‑seat bar
- Outdoor seating and 12‑ft. hoods included
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
$17,057
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
7.58%
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%
$341,140
$341.1K
Cap Rate 7%
$243,671
$243.7K
Cap Rate 9%
$189,522
$189.5K
Market Conditions
NOI Build-Up for 2,800 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
$26.5K $9.48/SF
− Vacancy
−$2.2K −$0.78/SF
EGI
$24.4K $8.70/SF
− OpEx
−$7.3K −$2.61/SF
NOI
$17.1K $6.09/SF
Area
Fulton County, GA
Vacancy
8.20%
Lease Rate
$9.48 /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%
$341,140
Cap Rate 7%
$243,671
Cap Rate 9%
$189,522
Alternative Uses
Best Use
Specialty Retail
$642.8K
$562.5K – $750.0K
NOI $44,997 @ 7.0% cap · market cap 20.00%
Second Best
Industrial
$243.7K
$213.2K – $284.3K
NOI $17,057 @ 7.0% cap · market cap 7.58%
Theoretical Best
Office A
$782.7K
$684.9K – $913.2K
NOI $54,790 @ 7.0% cap · market cap 24.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
828
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 30337, GA
11,810
Population
5,702
Households
2.1
Avg Household Size
38
Median Age
31%
College-Educated
92%
High-School Grad
12.2 sq mi
ZIP Area
968
Density / Sq Mi
$49,472
Median Household Income
$32,272
Median Earnings
$1,109
Median Rent
$311,900
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 - Built-out restaurant space includes indoor and outdoor seating, a dedicated bar area, and commercial kitchen infrastructure.
Where is this conventional restaurant located?
The property is located at 3725 Main St College Park, GA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 2,800 SF conventional restaurant with completed build‑out; Seating for 100, including a 12‑seat bar; Outdoor seating and 12‑ft. hoods included
