1318 Johnson Fry Rd Marietta, GA 30068-2724

Property Details for 1318 Johnson Fry Rd

Year built

1979

Lot size

0.59 lot acres

Property size

4,680 SF

Zone code

GC

Property type

Turn key restaurants

APN

16090200240

APU

16090200240

Description

This exceptional investment opportunity presents a freestanding, 5,226 square foot restaurant and bar located at 1318 Johnson Ferry Rd, Marietta, GA 30068. The property boasts a true triple-net (NNN) lease with Suburban Tap, a long-standing tenant operating since 1993, whose lease extends to January 1, 2029. The tenant recently exercised their option for renewal, demonstrating confidence in the location and business. The property features a 6.10% cap rate based on a net operating income (NOI) of $160,204. Built in 1972, this single-story building sits on a 0.59-acre lot and includes 42 parking spaces, plus access to an additional 31 spaces via a mutual easement. Significant upgrades have been completed since 2016, including roof and HVAC replacements. The property benefits from high visibility on Johnson Ferry Road, with approximately 30,092 vehicles per day passing by, and is situated across from the Whole Foods-anchored Merchants Walk shopping center. The property is zoned GC and offers excellent access to strong East Cobb County demographics, boasting an average household income of $232,819 within a three-mile radius. The asking price is $2,630,620. This is a rare opportunity to acquire a stable, high-performing asset with a strong tenant and significant upside potential.

Location Insight

City

Marietta

County

Cobb

State

Georgia

Longitude

-84.4261

Latitude

33.9818

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments