403 W Memorial Dr, Dallas, GA 30132
- Retail space
- 1,326 SF
- 0.38 lot acres
Current Use by Public Records
- ATM Machine at Vape Escape / Atm
- Vape Escape / (Bike/Boat/Book/etc) Store
- U-Haul Neighborhood Dealer / Car Rental Facility
Property Details for 403 W Memorial Dr
- Year built
- 1935
- Lot size
- 0.38 lot acres
- Zone code
- C2
- Property type
- Retail space
- APN
- 116.4.3.002.0000
- APU
- 116430020000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 31, 2022 | $121,000 | Oakville Joe INC | Edwin Owie | Warranty Deed | — |
| Jun 24, 2020 | $85,000 | Edwin Owie | Myrna K Mclane | Grant Deed | — |
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.
Value Estimations
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Location Insight
- Map
- Local Demand
- 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
