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KFC 1245 Merchants Dr 2,662 SF Retail Building Dallas, GA 30132 $1,950,000 ($732.53/SF) 6.75% Cap Rate
Investment Highlights
- Zero landlord maintenance or expense responsibilities, with the tenant responsible for all taxes, insurance, and maintenance
- Two successive 5-year renewal options extend potential tenancy through January 31, 2050
- Within 5-miles of the subject property, the retail node consists of national tenants including: Walmart, Costco, Home Depot, Kroger, & more
- 20-year initial lease term with approximately 13.5 years of remaining term
- Located in an established retail node, directly across the road from Merchants Square, an Ingles Markets (grocery) and Big Lots-anchored center
Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,662 SF
Building Class
B
Year Built/Renovated
1987/2016
Price
$1,950,000
Price Per SF
$732.53
Cap Rate
6.75%
NOI
$131,610
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.87 AC
Zoning
Commercial
Parking
33 Spaces (10 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Nearby Major Retailers
1 of 5
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