For Sale
$2,630,620

1318 Johnson Ferry RdMarietta, GA 30068

NNN Lease, High Cap Rate, Strong Tenant

Overview

Added:
Dec 11, 2024
Days on market:
115
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.

Highlights

  • 5,226 SF freestanding restaurant & bar on Johnson Ferry Rd, Marietta, GA.
  • NNN lease with Suburban Tap, operating since 1993, extending to January 1, 2029.
  • Tenant recently renewed lease.
  • True NNN lease; zero landlord responsibilities.
  • Property features recent upgrades including roof and HVAC replacements (since 2016).
  • High visibility location on Johnson Ferry Rd (approx. 30,092 VPD), across from Whole Foods-anchored Merchants Walk.

Property Details for 1318 Johnson Ferry Rd

Property type
Retail properties, Restaurants
Square Feet
5,226 SF
Year Built
1972
Buildings
1
Stories
1
Lot Size (sq. ft)
25,700 SF

Location Insight

City
Marietta
County
Cobb
State
Georgia
Latitude
33.981725261232
Longitude
-84.426307598774
1318 Johnson Ferry Rd, Marietta, Georgia

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1318 Johnson Ferry Rd
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