403 Memorial Dr Dallas, GA 30132-4112

Property Details for 403 Memorial Dr

Year built

1935

Lot size

0.38 lot acres

Property size

1,326 SF

Zone code

C2

Property type

Retail space

APN

116.4.3.002.0000

APU

116430020000

Description

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.

Location Insight

City

Dallas

County

Paulding

State

Georgia

Longitude

-84.847

Latitude

33.9241

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments