1245 Merchants Dr - Fast Food FOR SALE


Dallas, GA 30132
$1,950,000 USD
415-515-0181
1245 Merchants Dr, Dallas, GA for Sale
$1,950,000 USD
Fast Food - FOR SALE
1/4
null | 6.75% Cap Rate

1245 Merchants Dr
Dallas, GA 30132


HIGHLIGHTS

  • Zero landlord maintenance or expense responsibilities, with the tenant responsible for all taxes, insurance, and maintenance
  • 20-year initial lease term with approximately 13.5 years of remaining term
  • Two successive 5-year renewal options extend potential tenancy through January 31, 2050
  • Located in an established retail node, directly across the road from Merchants Square, an Ingles Markets (grocery) and Big Lots-anchored center
  • Within 5-miles of the subject property, the retail node consists of national tenants including: Walmart, Costco, Home Depot, Kroger, & more

OVERVIEW

Offered at a 6.75% cap rate, this absolute NNN KFC has operated continuously at this Merchants Drive location in Dallas, GA, since 1987. The lease runs through January 2040, with two 5-year renewal options, and the property sits amid a dense cluster of national tenants, including Kroger, two Walmart locations, Costco, and Target. The trade area reflects a median household income of $94,600, roughly 21% above the Georgia statewide median. Paulding County has grown 11.8% since the 2020 Census, supported by a $300M Wellstar hospital expansion and over $60M in recent industrial investment from Automann and Interroll.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$733 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

KFC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.87 AC

LAND SF

37,897 SF

ZONING

Commercial

APN/PARCEL ID

139.3.4.012.0000

ASK ABOUT THIS PROPERTY

Rachel KramCP Partners CREMore Info
415-515-0181

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Rachel KramCP Partners CREMore Info
415-515-0181

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.