Neighborhood Restaurant & Bar Opportunity | True NNN Lease | 31 Year Operating History
1318 Johnson Ferry Rd
Marietta, GA 30068
FOR SALE
Property Type:
RestaurantAmount:
$2,630,620
Last Verified:
Aug 27, 2024Daily Email Blast
0 times
Highlights
- Full-service restaurant and bar on busy Johnson Ferry Road
- Long-term tenant Suburban Tap just exercised its last extension option
- Current operator has been in place since 1993
- Current term ends July 2029 | Tenant plans on continuing thereafter
- True NNN lease | Zero landlord responsibilities
- Tenant regularly upgrades property | Roof and HVACs all replaced since 2016
- ±5,226 SF including two covered and heated patio areas
- Efficient, 0.59-acre site | 42 Parking spaces
- Mutual parking easement with Intrigue Salon provides 31 additional spaces
- Monument Sign | Fantastic visibility on Johnson Ferry Road
- ±30,092 VPD on Johnson Ferry Rd | ±46,100 VPD on Roswell Rd
- Whole Foods-anchored Merchants Walk is directly across the street
- Fantastic East Cobb demographics | $232,819 3-mile AHI
- Calendar year 2025 base rents of $160,204 | 6.1% Cap Rate
Description
Neighborhood Restaurant & Bar Opportunity | True NNN Lease | 31 Year Operating History | 6.1% Cap Rate
East Cobb
Year Built: 1979
Building Size: 5226sq ft
Building Class: C
Lot Size: 0.59 acres
Documents
Offering MemorandumSurvey with Parking Connection
