3951 Arkwright Rd, Macon, GA 31210

Listing Agency: SRS Real Estate Partners - Atlanta Show Phone

Listed By: Scott Tiernan

Source: Moodyscre

Added: Apr 4, 2024 Changed: Aug 23 Last Checked: Oct 7 at 12:57PM

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This property is currently operating as a Glory Days Grill restaurant. The offering totals 7,163 square feet and is presented as an occupied restaurant use.

The location is right off highly traveled I-75 and is surrounded by numerous hotels and popular chain restaurants. The site sits next to a traffic light intersection, providing easy accessibility and supporting a high daytime population in the immediate area.

For buyers seeking a turnkey restaurant setup in a hospitality- and retail-heavy corridor, this site offers straightforward access and an established operating use.

Key Highlights

• Current 7,163 SF Glory Days Grill restaurant
• Located right off highly traveled I‑75
• Next to a traffic light intersection for easy accessibility

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$79,114

Cap Rate

5.27%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,582,280 $1.6M

Cap Rate 7%

$1,130,200 $1.1M

Cap Rate 9%

$879,044 $879.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,163 SF

Gross rent

$111.7K $15.60/SF

− Vacancy

−$6.3K −$0.87/SF

EGI

$105.5K $14.73/SF

− OpEx

−$26.4K −$3.68/SF

NOI

$79.1K $11.04/SF

Area

Macon, GA

Vacancy

5.60%

Lease Rate

$15.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,582,280

Cap Rate 7%

$1,130,200

Cap Rate 9%

$879,044

Alternative Uses

Best Use

Specialty Retail

$1.13M

$988.9K – $1.32M (±1% cap)

NOI $79,114 @ 7.0% cap · market cap 5.27%

Second Best

—

—

no second resolved use

Theoretical Best

Healthcare Medical

$1.37M

$1.20M – $1.60M (±1% cap)

NOI $95,927 @ 7.0% cap · market cap 6.40%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Big Box & Wholesale Store Building Supply Parking Lot & Garage Electrical Service Garden Center Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

550

Businesses Nearby

321k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 79% Shops & Services 11% Hotels & Casinos 9%

Chick-fil-A Dining

56,578 visits/mo 0.4 miles

Starbucks Dining

30,610 visits/mo 0.5 miles

Cracker Barrel Old Country Store Dining

23,977 visits/mo 0.2 miles

Panda Express Dining

19,033 visits/mo 0.4 miles

Circle K Shops & Services

18,642 visits/mo 0.1 miles

Demographics for 31210, GA

35,345

Population

15,768

Households

2.2

Avg Household Size

39

Median Age

48%

College-Educated

95%

High-School Grad

41.3 sq mi

ZIP Area

856

Density / Sq Mi

$82,158

Median Household Income

$44,231

Median Earnings

$1,260

Median Rent

$259,600

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Current Glory Days Grill restaurant next to a traffic light intersection for convenient access.

Where is this conventional restaurant located?

The property is located at 3951 Arkwright Rd Macon, GA.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: Current 7,163 SF Glory Days Grill restaurant; Located right off highly traveled I‑75; Next to a traffic light intersection for easy accessibility