For Sale
$285,000
403 Memorial Dr Dallas, GA 30132
High-Yield Retail Property, 10%+ Cap Rate
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
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
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-Yield Retail Property, 10%+ Cap Rate
- Where is the retail property located?
- The property is located at 403 Memorial Dr Dallas, GA.
- What is the asking price?
- The asking price for this property is $285,000.
- What are key features of this property?
- This property features: 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.
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