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Property profile & analytics
OFF-MARKET Estimated value $1,430,000
Drive through restaurants

400 Pearl Nix Pkwy Gainesville, GA 30501-3554

3,997 SF 0.87 ac lot Built 1996
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US22-1078734
Property summary
AI-generated overview

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 profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1996
Construction WOOD FRAME
Total area 3,997 SF
Lot 0.87 ac (37,897 SF)
Zoning code N-B
APN 01-119C-001-029C
UPID US22-1078734
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
  • El Carreton 2.0 Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.43M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.38M
Blend (final) Blend
$1.43M
Owner & transaction history
El Carreton Shallowford INC · 1 yrs held
El Carreton Shallowford INC
since 2024
Last sale
$1.4M
4 recorded transactions
2024
$1.4M
2017
$1.6M
2012
$1.0M
2012
Price N/A
Zoning & alternative use
N-B · Gainesville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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