Property profile

1318 Johnson Fry Rd Marietta, GA 30068

OFF-MARKET
Turn key restaurants
Property ID
US22-4253710
4,680 SF 0.59 ac lot Built 1979
Entity Owned 1-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Restaurant

Location

1318 Johnson Fry Rd Marietta, GA 30068-2724
Marietta metro Census 30370 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$490k
CAP Approach CAP
by Request
Comparable Approach Comparable
$563k
Blend (final) Blend
$490k

Owner & transaction history

since 2024
7 recorded transactions
2024
Price N/A
2024
Price N/A
2024
$2.4M
2020
Price N/A
2016
Price N/A
2008
$1.6M
1969
Price N/A

Zoning & alternative use

GC · Marietta, GA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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