Share This Listing

Message

965 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

Investment Highlights

  • Dark Captain D's Drive Thru Building | Owner User/Redevelopment Opportunity
  • Located in Prime Location at Center of Elberton | Elbert St. is the Main East/West Thoroughfare with over 17,000 VPD
  • Proven Fast Food Corridor with Several High Performing QSR Tenants Including McDonald's (Ranked in Top 15% in Gross Sales in Georgia)
  • Available Significantly Below Replacement Cost | Existing Drive-Thru Infrastructure Creates Significant Cost Savings

Executive Summary

Paien Restaurant Group at Marcus & Millichap is pleased to present the investment opportunity located at 123 Elbert Street in Elberton, Georgia. This dark Captain D's drive-thru restaurant presents a compelling owner-user or redevelopment opportunity in the heart of Elberton's primary commercial corridor. Strategically positioned along Elbert Street, the city's main east-west thoroughfare, the property benefits from exceptional visibility and exposure to more than 17,000 vehicles per day, providing strong traffic counts and excellent brand recognition potential. The property is situated in a prime retail trade area at the center of Elberton, surrounded by a diverse mix of national, regional, and local businesses that drive consistent consumer activity throughout the day. Further enhancing the property's appeal is its position adjacent to several top-performing fast-food operators, including a McDonald's location ranked among the top 15 percent in gross sales within Georgia and a Bojangles location ranked among the top 10 percent in the state. The presence of these successful neighboring tenants demonstrates the strength of the surrounding retail corridor and the area's ability to generate significant consumer demand. Overall, this offering represents a rare opportunity for investors, developers, or owner-users to acquire a well-located commercial property with redevelopment potential, strong traffic exposure, and immediate access to one of Elberton's most active retail destinations.

Data Room Click Here to Access

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,668 SF
Building Class
C
Year Built
1979
Price
$1,500,000
Price Per SF
$562.22
Cap Rate
6.80%
NOI
$102,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.82 AC
Opportunity Zone
Yes
Zoning
C3 - Commercial
Parking
30 Spaces (11.24 Spaces per 1,000 SF Leased)
Frontage
138’ on Elbert St

Amenities

  • 24 Hour Access
  • Restaurant
  • Drive Thru
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 2,668 SF
  • Restaurant
  • Outparcel
  • Now

Available former Captain D’s restaurant situated in a central Elberton location with direct frontage on Elbert Street. This property offers a freestanding building with a functional drive-thru window, making it well-suited for quick-service restaurant operators or other concepts needing efficient service capabilities. The layout includes ample on-site parking and easy ingress/egress featuring both full access and right-in/right-out points for customer convenience.

Space Size Space Use Position Available
1st Floor 2,668 SF Restaurant Outparcel Now

1st Floor

Size
2,668 SF
Space Use
Restaurant
Position
Outparcel
Available
Now

1st Floor

Size 2,668 SF
Space Use Restaurant
Position Outparcel
Available Now

Available former Captain D’s restaurant situated in a central Elberton location with direct frontage on Elbert Street. This property offers a freestanding building with a functional drive-thru window, making it well-suited for quick-service restaurant operators or other concepts needing efficient service capabilities. The layout includes ample on-site parking and easy ingress/egress featuring both full access and right-in/right-out points for customer convenience.

Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100

Nearby Major Retailers

Regions Bank
Zaxby's

Property Taxes

Property Taxes

Parcel Number
E18-060
Land Assessment
$69,368
Improvements Assessment
$233,598
Total Assessment
$302,966
  • Listing ID: 41446269

  • Date on Market: 7/27/2026

  • Last Updated:

  • Address: 123 Elbert St, Elberton, GA 30635

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}