400 Ernest W Barrett PkwyKennesaw, GA 30144

Property Details for 400 Ernest W Barrett Pkwy

Year built

1985

Lot size

15.01 AC

Property size (Sq ft)

243,268 SF

Zone code

PSC

Property type

Retail properties

APN

16058000020

APU

16058000020

Description

This established restaurant, located in the Town Center at Cobb mall in Kennesaw, Georgia (400 Ernest W Barrett Pkwy NW, 30144), near Kennesaw State University, is available for $59,000. The 1,300 square foot space is fully equipped with two hoods, fryers, flat-tops, a five-burner range, a walk-in box freezer, coolers, and a Brink POS system. Originally costing $350,000 to open in 2016, this turnkey operation offers a significant opportunity. The current lease includes an option to renew. The monthly rent is $5,912.13 all-inclusive. The business boasts a strong team including a general manager, one supervisor, and a crew of eight employees. Note that financial records are not included in the sale. This is an operating business; please respect the staff and do not attempt to contact them. Documentation and inspections are available upon request. The asking price is firm at $59,000.

• CAP approach

  CAP return

  Valuation

  6%

  $75,634,800

  6.5%

  $69,816,736

  7%

  $64,829,824

• Comparable approach

  Method

  Valuation

  Relative Method

  $99,857,312

  Geo Method

  $119,578,680

• Alternative Use

  Use

  Valuation

  Residential

  $58,893,028

  Hospitality

  $53,945,696

  Educational

  $44,882,188

  Medical

  $46,425,756

  Retail

  $69,816,736

Location Insight

City

Kennesaw

County

Cobb

State

Georgia

Latitude

34.0161

Longitude

-84.564

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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