1302 W Walnut Ave - Storefront FOR SALE


Dalton, GA 30720
$5,126,000 USD
404-610-6275
1302 W Walnut Ave, Dalton, GA for Sale
$5,126,000 USD
Storefront - FOR SALE
1/29
null | Request Cap Rate

1302 W Walnut Ave
Dalton, GA 30720


HIGHLIGHTS

  • CAP 6.11% (August 2028), CAP 5.60% (Current)
  • NOI $313,218 (August 2028), NOI $287,100 (Current)
  • Occupied by two tenants, Starbucks and AFC Urgent Care, with 32 parking spaces.
  • Newly built in 2023 (3 years old), located in a highly affluent area
  • Rent increases occur every five years, with the next base rent adjustment in August 2028, when the cap rate is expected to increase accordingly.
  • Starbucks drive-thru with 50% higher revenue and the only one within a 5-mile radius.

OVERVIEW

Excellent investment opportunity featuring a highly visible outparcel positioned within a dominant grocery-anchored community shopping center. The property benefits from strong co-tenancy with national retailers including Starbucks and AFC Urgent Care, generating consistent consumer traffic and strong area visibility.The asset is secured with a long-term initial 10-year lease extending through 2033, offering stable income and long-term investment security. The site provides convenient ingress and egress with three access points, including two entrances from West Walnut Ave and one from South Tibbs Rd.The surrounding trade area features strong demographics, with an average household income of $103,922 within a 2-mile radius, more than 21,920 households within 5 miles, and a population exceeding 62,848 residents within a 5-mile radius.

FOR SALE DETAILS

PRICE

$5,126,000 USD

PRICE/SF

$854 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

48

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,234 SF

ZONING

C-2

APN/PARCEL ID

12-260-33-000

ASK ABOUT THIS PROPERTY

Sung (Scott) KimTBRE Real Estate ServicesMore Info
404-610-6275

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Sung (Scott) KimTBRE Real Estate ServicesMore Info
404-610-6275

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