Building Details

Year Built 1968

Listing Agency: Y.I. Broker, LLC

Listed By: Kwang Mo Suh Show Phone

Source: Annakintown

Added: Jul 3 Changed: Oct 11 Last Checked: Oct 7 at 1:27PM

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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

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Investment Insights

Based on property information with market context.

This freestanding restaurant building is offered for sale on a corner lot with frontage on South Lee Street and Main Street in historic downtown Buford. The property is positioned with the railroad and station alongside Main Street, and it has been a restaurant business location for 40+ years.

The site includes ample parking spaces for patrons and is intersected with Moreno Street at the property.

Overall, the building and layout support continued restaurant use with on-site parking and prominent street frontage along Main Street.

Key Highlights

• Freestanding restaurant building built in 1968
• Corner lot location at S Lee St and Main St in historic downtown Buford
• Adjacent to the railroad and station along Main St

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$41,654

Cap Rate

4.17%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$833,080 $833.1K

Cap Rate 7%

$595,057 $595.1K

Cap Rate 9%

$462,822 $462.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,592 SF

Gross rent

$59.7K $23.04/SF

− Vacancy

−$4.2K −$1.61/SF

EGI

$55.5K $21.43/SF

− OpEx

−$13.9K −$5.36/SF

NOI

$41.7K $16.07/SF

Area

Gwinnett 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%

$833,080

Cap Rate 7%

$595,057

Cap Rate 9%

$462,822

Alternative Uses

Best Use

Specialty Retail

$595.1K

$520.7K – $694.2K (±1% cap)

NOI $41,654 @ 7.0% cap · market cap 4.17%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$724.6K

$634.0K – $845.3K (±1% cap)

NOI $50,719 @ 7.0% cap · market cap 5.08%

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

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Parking Lot & Garage Grocery & Convenience Store Bakery (Bike/Boat/Book/etc) Store Pet Grooming Service Storage Facility

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

Location Intelligence

Trade Area within ½ mile

714

Businesses Nearby

6k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

6,416 visits/mo 0.4 miles

Demographics for 30518, GA

56,149

Population

19,435

Households

2.9

Avg Household Size

36

Median Age

40%

College-Educated

88%

High-School Grad

40.0 sq mi

ZIP Area

1,404

Density / Sq Mi

$97,339

Median Household Income

$46,683

Median Earnings

$1,611

Median Rent

$367,000

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 - Freestanding restaurant building on a corner lot with ample parking in historic downtown Buford.

Where is this conventional restaurant located?

The property is located at 70 S Lee St NE Buford, GA.

What is the asking price?

The asking price for this property is $999,000.

What are key features of this property?

This property features: Freestanding restaurant building built in 1968; Corner lot location at S Lee St and Main St in historic downtown Buford; Adjacent to the railroad and station along Main St