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    400 Pearl Nix Pkwy Gainesville, GA 30501

    Sponsored
    For Lease
    $38 SF/Yr ($12,657 /Mo)

    Established Restaurant, High Traffic Area, 40 Parking Spaces

    Lot size:
    3,997 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3,997 square foot free-standing restaurant is located at 400 Pearl Nix Parkway SW in Gainesville, Georgia, 30501. The property sits on a 0.87-acre lot and boasts 40 parking spaces, catering to a high volume of customers. Recently renovated, the restaurant features a fully equipped kitchen with appliances, a walk-in freezer, and ample indoor seating. Large garage door openings enhance the space's versatility and create a unique atmosphere. A convenient drive-through window further streamlines operations. The property benefits from a high traffic count of over 14,200 vehicles per day (AADT). An added benefit is a dedicated indoor kids' play area, enhancing family-friendliness. This prime location is adjacent to the Tessa Shallowford development, a 231-unit residential community currently under construction, ensuring a consistent flow of potential customers. The property enjoys easy access to I-985, being only 3 miles from Exit 20 and 3.2 miles from Exit 22. Proximity to Lee Gilmer Memorial Airport-Gainesville (1.6 miles) and Northeast Georgia Medical Center (2.4 miles) adds to its strategic advantage. Furthermore, it's conveniently located within 64.4 miles of Hartsfield-Jackson Atlanta International Airport. The property is zoned for General Business use and is offered as a single-tenant space.

    Property Features for 400 Pearl Nix Pkwy

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,997 SF
    Total Rate
    12657.17

    Unit(s) available at that property

    Space
    Size
    3,997 SF
    Rate per SF
    $38

    HighLights

    • Triple Net (NNN) lease rate: $38 per square foot.
    • 0.87‑acre site.
    • General Business zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    El Carreton 2.0 Mexican Restaurant

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Hall
    State
    Georgia
    Longitude
    -83.841922
    Latitude
    34.2888779

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    FAQs

    What type of property is this?
    Restaurant - Established Restaurant, High Traffic Area, 40 Parking Spaces
    Where is this restaurant located?
    The property is located at 400 Pearl Nix Pkwy Gainesville, GA.
    What is the lease rate?
    The lease rate is $38 SF/Yr.
    What are key features of this property?
    This property features: Triple Net (NNN) lease rate: $38 per square foot.; 0.87-acre site.; General Business zoning.
    Request Owner's contact information
    400 Pearl Nix Pkwy Gainesville, GA 30501
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    400 Pearl Nix Pkwy Gainesville, GA 30501
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