Free-Standing Restaurant with Full
91 Millard Farmer Ind Blvd Newnan, GA 30263
For Sale
$1,400,000
Turnkey restaurant property includes a full kitchen, bar, walk-ins, and seating for about 84 guests on a free-standing site.
Property Size3,432 SF
Lot Size1.20 Acres
Price / SF$407.93
Days on Market316
Property Features for 91 Millard Farmer Ind Blvd
General Information
Standard status
Active
Size
3,432 SF
Lot size
1.20 Acres
Listing Agency:
Lindsey's Inc., Realtors
Listed By:
Margaret Akins
(678) 552-5948
Source:
Exprealty
Added: Sep 15, 2025
Changed: Jul 23
Last Checked: Jul 26 at 8:36PM
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 Lindsey's Inc., Realtors
Investment Insights
Based on property information with market context.
A fully operational, free-standing restaurant property built in 2004 and extensively updated between 2018 and 2020. The facility includes a full commercial kitchen with complete infrastructure, two walk-ins, a full bar, multiple dining areas, and seating for approximately 84 guests. The sale package can include the real estate, the ongoing business, and included furniture, fixtures, equipment, and small wares, with flexibility for buyers who prefer only the real estate and FF&E.
The site is located on Millard Farmer Industrial Blvd with direct state highway access and strong visibility. The property includes 50 paved parking spaces and ADA-compliant entrances and restrooms, along with a fire sprinkler system, vent hood/Ansul system, and an in-ground grease trap. Four HVAC units are also on site.
Zoned PDC (Planned Development Commercial), the property is positioned for continued restaurant operations or other permitted commercial uses, subject to applicable requirements.
The site is located on Millard Farmer Industrial Blvd with direct state highway access and strong visibility. The property includes 50 paved parking spaces and ADA-compliant entrances and restrooms, along with a fire sprinkler system, vent hood/Ansul system, and an in-ground grease trap. Four HVAC units are also on site.
Zoned PDC (Planned Development Commercial), the property is positioned for continued restaurant operations or other permitted commercial uses, subject to applicable requirements.
Key Highlights
- Fully operational Grayson's Steak & Seafood business operating within a 3,432 SF free‑standing restaurant building on 1.2 acres
- Built in 2004; extensively updated between 2018‑2020 with a full commercial kitchen, full bar, and multiple dining areas
- Includes two walk‑ins plus vent hood/Ansul system, in‑ground grease trap, and a fire sprinkler system
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $79.1k | $23.04 |
| − Vacancy | −$5.5k | −$1.61 |
| EGI | $73.5k | $21.43 |
| − OpEx | −$18.4k | −$5.36 |
| NOI | $55.2k | $16.07 |
3,432 SF · lease $23.04/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$787.9K
$689.4K – $919.2K
NOI $55,154 @ 7.0% cap · market cap 3.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$959.4K
$839.5K – $1.12M
NOI $67,156 @ 7.0% cap · market cap 4.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turnkey restaurant property includes a full kitchen, bar, walk-ins, and seating for about 84 guests on a free-standing site.
Where is this conventional restaurant located?
The property is located at 91 Millard Farmer Ind Blvd Newnan, GA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Fully operational Grayson's Steak & Seafood business operating within a 3,432 SF free‑standing restaurant building on 1.2 acres; Built in 2004; extensively updated between 2018‑2020 with a full commercial kitchen, full bar, and multiple dining areas; Includes two walk‑ins plus vent hood/Ansul system, in‑ground grease trap, and a fire sprinkler system
