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Property profile & analytics
OFF-MARKET Estimated value $34,520,000
Commercial real estate

5675 Jimmy Carter Blvd Norcross, GA 30071-2965

230,300 SF 9.68 ac lot Built 1977
Individually Owned 3-yr Hold ~ Est. High Equity
Property ID
US22-0117563
Property summary
AI-generated overview

This exceptional turnkey opportunity presents a thriving Indian restaurant and banquet hall in Norcross, Georgia, listed at $1,197,000. The property, located at 5675 Jimmy Carter Blvd, boasts a substantial 30,000 square feet of space, built in 2005. The expansive facility includes a dedicated banquet space, meeting rooms, corporate offices, and a state-of-the-art 10,000 square foot kitchen and commissary. Currently operating under a lease with two five-year renewal options, the monthly rent of $29,800 includes all utilities, water, and CAM charges. A fully staffed and profitable operation, this establishment is fully equipped and ready for immediate operation. The business has a strong reputation for its authentic Indian cuisine, catering to events ranging from intimate gatherings of 50 to large-scale celebrations of up to 700 guests. Extensive support and training are available to ensure a smooth transition for the new owner. This is a rare opportunity to acquire a well-established, profitable business with significant growth potential in a prime location. The property's versatility and established clientele base make it an attractive investment for discerning buyers.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1977
Total area 230,300 SF
Lot 9.68 ac (421,661 SF)
Zoning code C2-GENERAL BUSINESS
APN 6-216 -027
UPID US22-0117563
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
  • HI LINE A to Z and GIFTS & HANDICRAFT & POOJA STORE (Bike/Boat/Book/etc) Store
  • Suhagan Saree & Dress Clothing Store Jeweler
  • Amul Veg. Restaurant Restaurant
  • Beesam Agency Inc Insurance Agency
  • Legacy Jewels (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$43.05M
Comparable Approach Comparable
$39.30M
Blend (final) Blend
$34.52M
Owner & transaction history
Kensington Apts Ltd Partnershi · 3 yrs held
Kensington Apts Ltd Partnershi
since 2023
3 recorded transactions
2023
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
C2-GENERAL BUSINESS · Norcross, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Unified development ordinance
Top alternative use upside
Office building $56.2M +13.3%
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