1291 Merchants Dr Dallas, GA 30132-5036

Property Details for 1291 Merchants Dr

Year built

1994

Lot size

0.45 lot acres

Property size

644 SF

Zone code

C2

Property type

Drive through restaurants

APN

139.3.3.005.0000

APU

139330050000

Description

This exceptional investment opportunity presents a fee-simple ownership of a Krystal restaurant in Dallas, Georgia. The 644-square-foot building, constructed in 1994, sits on a 0.45-acre lot and is subject to a brand new 25-year absolute NNN lease with a franchisee tenant. The current annual base rent is $67,481, with 1% annual escalations beginning in year six. Three five-year renewal options extend the potential lease term to 40 years. The property boasts a 6.25% cap rate and 100% occupancy. Located in a high-traffic retail corridor, this property benefits from excellent visibility and proximity to major retailers including Ingles, McDonald's, Dollar General, Hardee's, KFC, Burger King, Big Lots, Subway, and Western Union. The property's location also provides easy access to numerous residential communities and various businesses. The permitted zoning is commercial. This is a rare opportunity to acquire a stable, long-term investment with a strong tenant and significant upside potential. The asking price is $1,080,000, resulting in a price per square foot of $1,677.

Location Insight

City

Dallas

County

Paulding

State

Georgia

Longitude

-84.7982

Latitude

33.911

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments