640 Memorial Dr Dallas, GA 30132-4123

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.