640 Memorial Dr Dallas, GA 30132-4123
Property profile & analytics
640 Memorial Dr, Dallas, GA 30132-4123
- Outlet malls
- 9,016 SF
- 0.98 lot acres
Property ID
US22-0070459
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- FedEx OnSite / Postal Service / Courier Service
- Dollar General / Discount Store
- Western Union / Bank / Credit Union
Property Details for 640 Memorial Dr
- Year built
- 2005
- Lot size
- 0.98 lot acres
- Zone code
- DC2
- Property type
- Outlet malls
- Property subtype
- Shopping centers
- 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.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,173,000
Market price range: $489k - $2.63M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Dallas
- County
- Paulding
- State
- Georgia
- Longitude
- -84.8549
- Latitude
- 33.9198
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,849
$39,200
$187,280
$226,480
-
$98,000
$468,200
$566,200
