Turnkey Drive-Through
For Sale
$1,500,000
7040 Concourse Pkwy, Douglasville, GA 30134
Turnkey 6,920 SF restaurant building with drive-through, located just off I-20 in a retail corridor.
Property Size6,920 SF
Lot Size1.36 Acres
Price / SF$216.76
Days on Market219
Property Features for 7040 Concourse Pkwy
General Information
Standard status
Active
Size
6,920 SF
Lot size
1.36 Acres
Site & Location
Traffic Count
85,600 vehicles/day
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$19,776
Listing Agency:
Kolt Christopher Homes Inc.
(770) 285-8400
Listed By:
Tona Byrd · License #137623
(770) 285-8400
Source:
Exprealty
Added: Jan 17
Changed: Aug 23
Last Checked: Aug 14 at 7:55AM
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 Kolt Christopher Homes Inc.
Investment Insights
Based on property information with market context.
Turnkey 6,920 SF restaurant building offered for sale on 1.36 acres, with a drive-through opportunity and ample parking for patrons.
The property is positioned just off I-20 and Bill Arp Rd within the Douglasville retail corridor, with excellent street visibility and access right off Exit 34 on I-20 (85,600 VPD). It is located at the main entrance to Walmart and Sam’s Club.
The offering includes the full restaurant building as a turnkey asset with drive-through functionality in place.
The property is positioned just off I-20 and Bill Arp Rd within the Douglasville retail corridor, with excellent street visibility and access right off Exit 34 on I-20 (85,600 VPD). It is located at the main entrance to Walmart and Sam’s Club.
The offering includes the full restaurant building as a turnkey asset with drive-through functionality in place.
Key Highlights
- 1.36‑acre site just off I‑20 and Bill Arp Rd in the Douglasville retail corridor
- Turnkey 6,920 SF restaurant building
- Located less than 2 miles from Arbor Place Mall
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
$111,207
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
7.41%
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%
$2,224,140
$2.2M
Cap Rate 7%
$1,588,671
$1.6M
Cap Rate 9%
$1,235,633
$1.2M
Market Conditions
NOI Build-Up for 6,920 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
$159.4K $23.04/SF
− Vacancy
−$11.2K −$1.61/SF
EGI
$148.3K $21.43/SF
− OpEx
−$37.1K −$5.36/SF
NOI
$111.2K $16.07/SF
Area
Douglas 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 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%
$2,224,140
Cap Rate 7%
$1,588,671
Cap Rate 9%
$1,235,633
Alternative Uses
Best Use
Specialty Retail
$1.59M
$1.39M – $1.85M
NOI $111,207 @ 7.0% cap · market cap 7.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.93M
$1.69M – $2.26M
NOI $135,408 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
85,600 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
708
Businesses Nearby
671k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 33%
Shops & Services 22%
Dining 19%
Apparel 14%
Walmart
Superstores
122,856 visits/mo
0.3 miles
Sam's Club
Superstores
97,611 visits/mo
0.2 miles
Academy Sports + Outdoors
Apparel
49,056 visits/mo
0.3 miles
RaceTrac
Shops & Services
36,166 visits/mo
0.1 miles
QuikTrip
Shops & Services
34,665 visits/mo
0.1 miles
Demographics for 30134, GA
46,874
Population
17,233
Households
2.7
Avg Household Size
35
Median Age
25%
College-Educated
90%
High-School Grad
52.1 sq mi
ZIP Area
900
Density / Sq Mi
$73,699
Median Household Income
$40,753
Median Earnings
$1,272
Median Rent
$244,500
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 - Turnkey 6,920 SF restaurant building with drive-through, located just off I-20 in a retail corridor.
Where is this conventional restaurant located?
The property is located at 7040 Concourse Pkwy Douglasville, 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: 1.36‑acre site just off I‑20 and Bill Arp Rd in the Douglasville retail corridor; Turnkey 6,920 SF restaurant building; Located less than 2 miles from Arbor Place Mall
