For Sale
$1,750,000

503 11Th AveDalton, GA 30721

High-yield industrial property, 100% leased.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional Dalton, GA industrial property offers a compelling investment opportunity. The 30,000 square foot building, situated on a 1.18-acre lot at 503 11th Ave, Dalton, GA 30721, is fully leased under a triple-net (NNN) lease with a creditworthy tenant. The lease commenced August 12, 2024, and has a remaining term of approximately 9.7 years, expiring August 12, 2034, with 5% annual rent bumps. The property boasts a 7.03% cap rate and a net operating income (NOI) of $123,000, with an asking price of $1,750,000 ($58.33/sq ft). Built in 1959 and zoned M-2, the building features 14' to 16' ceiling heights, five dock-high doors, one drive-in door, and a 1,600 square foot office area. The property includes a wet sprinkler system, six total cranes, and 480-volt, 3-phase electrical service. Its strategic location provides easy access to major transportation routes. This core investment presents a strong return on investment with potential for future growth. The property's single tenancy and long-term lease provide stability and predictable income. This is a rare opportunity to acquire a high-performing industrial asset in a thriving market.

Highlights

  • Fully leased to a creditworthy tenant.
  • 1.18-acre site.
  • 30,000 square feet of warehouse space.
  • Clear heights ranging from 14' to 16'.
  • Wet sprinkler system.
  • Five dock-high doors and one drive-in door.

Property Details for 503 11Th Ave

Property type
Warehouses, Industrial properties
Square Feet
30,000 SF
Year Built
1959
Buildings
1
Lot Size (sq. ft)
51,401 SF

Location Insight

City
Dalton
County
Whitfield
State
Georgia
Latitude
34.762401466355
Longitude
-84.94650322785
503 11Th Ave, Dalton, Georgia

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503 11Th Ave
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