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    Property profile & analytics
    OFF-MARKET Estimated value $525,000
    Turn key restaurants

    1318 Johnson Fry Rd, Marietta, GA 30068-2724

    4,680 SF 0.59 ac lot Built 1979
    Entity Owned 1-yr Hold Free & Clear
    Property ID
    US22-4253710
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1979
    Total area 4,680 SF
    Lot 0.59 ac (25,652 SF)
    Zoning code GC
    APN 16090200240
    UPID US22-4253710
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Suburban Tap Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $490k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $563k
    Blend (final) Blend
    $525k
    Owner & transaction history
    South Space II LLC · 1 yrs held
    South Space II LLC
    since 2024
    7 recorded transactions
    2024
    2024
    2024
    $2.4M
    2020
    2016
    2008
    $1.6M
    1969
    Zoning & alternative use
    GC · Marietta, GA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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