For Sale
$285,000

403 Memorial DrDallas, GA 30132

High-Yield Retail Property, 10%+ Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
116
Prime Dallas, GA retail investment opportunity, this 1,326 sq ft single-tenant building offers a compelling sale-leaseback structure with a newly executed 5-year NNN lease (commencing July 1, 2024, and expiring June 30, 2029) at 100% occupancy, generating a current NOI of $30,000 and a pro-forma NOI of $32,000. The property boasts a 10.53% cap rate and a pro-forma cap rate of 11.23%, representing a significant return on investment. Located at 403 W Memorial Drive in Paulding County, this strategically positioned property is situated near downtown Dallas and across from Dallas Markets, benefiting from high visibility and convenient access to Highway 278. The single-story building, constructed in 1983, features a new roof and updated HVAC systems. Currently operating as a retail shop, the C2 zoning allows for a wide variety of uses, including a potential convenience store with fuel pumps (see permitted uses in provided documents). The 0.38-acre lot also includes a separate billboard generating additional income. The lease includes annual rent bumps of 3%. This presents a unique opportunity for investors seeking a high-yield, stable income stream, or for owner-users looking to establish their business in a thriving location. The seller has reserved the option of selling as an owner/user. All showings must be scheduled and after 11:00 AM.

Highlights

  • 1,326 SF single-tenant retail building in Dallas, GA with a newly executed 5-year NNN lease (7/1/24-6/30/29).
  • Current NOI of $30,000, pro-forma NOI of $32,000; 10.53% cap rate (current), 11.23% pro-forma cap rate.
  • Located at 403 W Memorial Drive, near downtown Dallas and Dallas Markets, with high visibility and access to Hwy 278.
  • Features a new roof, updated HVAC, and a 0.38-acre lot with a separate billboard generating additional income. C2 zoning allows for various uses.
  • 3% annual rent increases; sale-leaseback or owner-user options available. Showings after 11:00 AM.

Property Details for 403 Memorial Dr

Property type
Retail properties
Square Feet
1,326 SF
Class
C
Year Built
1983
Buildings
1
Lot Size (sq. ft)
16,553 SF
Units
1

Location Insight

City
Dallas
County
Paulding - GA
State
Georgia
Latitude
33.9240224
Longitude
-84.8469193
403 Memorial Dr, Dallas, Georgia

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403 Memorial Dr
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