640 Memorial DrDallas, GA 30132

Property Details for 640 Memorial Dr

Year built

2005

Lot size

0.98 AC

Property size (Sq ft)

9,016 SF

Zone code

DC2

Property type

Retail properties

Property subtype

Outlet malls

APN

136.2.2.042.0000

APU

136220420000

Description

This exceptional investment opportunity presents a single-tenant, 9,000 square foot Dollar General convenience store located at 640 W Memorial Dr, Dallas, GA 30132. The property boasts a strong financial profile, with a 7.50% cap rate and a net operating income (NOI) of $64,578. The current lease, a Net Lease (NN+) with a corporate guarantee, expires March 31, 2027, offering a remaining term of 2.4 years. Two 5-year renewal options remain, demonstrating the tenant's long-term commitment to this location. The property sits on a 0.98-acre lot and was built in 2004. Recent improvements include LED outdoor lighting upgrades (completed October 2024, tenant-funded), parking lot repaving, and the replacement of three out of five HVAC units in 2024. A full building inspection was conducted in July 2024. The property benefits from a strong demographic profile, situated within a 5-mile radius boasting a population exceeding 51,000 and a 26% population growth between 2010 and 2023. The average household income within this radius is $93,586. The asking price is $860,640, translating to a price per square foot of $95.63. This is a turnkey investment with a proven track record and significant upside potential. The tenant has consistently renewed the lease since the initial agreement in 2005, further highlighting the location's success.

• CAP approach

  CAP return

  Valuation

  6%

  $2,803,177

  6.5%

  $2,587,548

  7%

  $2,402,723

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,700,912

  Geo Method

  $4,431,826

• Alternative Use

  Use

  Valuation

  Residential

  $2,182,694

  Hospitality

  $1,999,336

  Educational

  $1,663,424

  Medical

  $1,720,632

  Retail

  $2,587,548

Location Insight

City

Dallas

County

Paulding

State

Georgia

Latitude

33.9198

Longitude

-84.8549

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].