Operating Fried Chicken
For Sale
Contact for pricing
71 Georgia Ave SE Unit B, Atlanta, GA 30312
Counter-service format includes a hooded kitchen, walk-in refrigeration, and outdoor seating.
Property Size750 SF
Price / SF$126.67
Days on Market147
Property Features for 71 Georgia Ave SE Unit B
General Information
Standard status
Active
Size
750 SF
Class
A
Property subtype
Business for Sale
Financials
Asking Price
$95,000
Business Included
Yes
Restaurant
Commercial Hood
Yes
Grease Trap
Yes
Patio
Yes
Building Details
Stories
1
Tenancy
Single
Listing Agency:
The Shumacher Group
Listed By:
Steven Josovitz · License #GA 164878
Source:
Crexi
Added: Apr 6
Changed: Aug 30
Last Checked: Aug 30 at 5:37AM
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 operating restaurant occupies 750 SF and is configured for counter ordering, with indoor seating for 8 and patio seating for 30. The kitchen includes a full hood and ventilation system, walk-in refrigeration, and a 1,500-gallon grease trap. The business is located at 71 Georgia Ave SE, Unit B, in Atlanta, Georgia.
The existing lease has a remaining term with a 5-year renewal option. The concept and brand may continue through a licensing agreement, while the space can also be retained or converted to another landlord-approved concept. Books and records are excluded from the offering. Documentation and inspections are available upon request.
The existing lease has a remaining term with a 5-year renewal option. The concept and brand may continue through a licensing agreement, while the space can also be retained or converted to another landlord-approved concept. Books and records are excluded from the offering. Documentation and inspections are available upon request.
Key Highlights
- Operating restaurant with 750 SF of space
- Patio seating for 30 and indoor seating for 8
- Fully hooded and vented kitchen
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
$8,741
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
9.20%
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%
$174,820
$174.8K
Cap Rate 7%
$124,871
$124.9K
Cap Rate 9%
$97,122
$97.1K
Market Conditions
NOI Build-Up for 750 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
$13.5K $18.00/SF
− Vacancy
−$1.0K −$1.35/SF
EGI
$12.5K $16.65/SF
− OpEx
−$3.7K −$5.00/SF
NOI
$8.7K $11.66/SF
Area
Atlanta, GA
Vacancy
7.50%
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%
$174,820
Cap Rate 7%
$124,871
Cap Rate 9%
$97,122
Alternative Uses
Best Use
Specialty Retail
$145.0K
$126.9K – $169.2K
NOI $10,152 @ 7.0% cap · market cap 10.69%
Second Best
Retail
$124.9K
$109.3K – $145.7K
NOI $8,741 @ 7.0% cap · market cap 9.20%
Theoretical Best
Office A
$209.7K
$183.5K – $244.6K
NOI $14,676 @ 7.0% cap · market cap 15.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Commercial hood
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
906
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30312, GA
25,435
Population
15,787
Households
1.6
Avg Household Size
34
Median Age
65%
College-Educated
92%
High-School Grad
3.3 sq mi
ZIP Area
7,708
Density / Sq Mi
$75,963
Median Household Income
$70,268
Median Earnings
$1,594
Median Rent
$493,800
Median Home Value
Market
Vacancy Rate% for Retail in Atlanta, GA
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 - Counter-service format includes a hooded kitchen, walk-in refrigeration, and outdoor seating.
Where is this conventional restaurant located?
The property is located at 71 Georgia Ave SE Unit B Atlanta, GA.
What is the asking price?
The asking price for this property is $95,000.
What are key features of this property?
This property features: Operating restaurant with 750 SF of space; Patio seating for 30 and indoor seating for 8; Fully hooded and vented kitchen
