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1302 W Walnut Ave 6,000 SF 100% Leased Retail Building Dalton, GA 30720 $5,126,000 ($854.33/SF) 6.11% Cap Rate
Investment Highlights
- CAP 6.11% (August 2028), CAP 5.60% (Current)
- Occupied by two tenants, Starbucks and AFC Urgent Care, with 32 parking spaces.
- Rent increases occur every five years, with the next base rent adjustment in August 2028, when the cap rate is expected to increase accordingly.
- NOI $313,218 (August 2028), NOI $287,100 (Current)
- Newly built in 2023 (3 years old), located in a highly affluent area
- Starbucks drive-thru with 50% higher revenue and the only one within a 5-mile radius.
Executive Summary
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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
6,000 SF
Building Class
B
Year Built
2023
Price
$5,126,000
Price Per SF
$854.33
Cap Rate
6.11%
NOI
$313,199
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
0.74 AC
Zoning
C-2 - Commercial
Parking
48 Spaces (8 Spaces per 1,000 SF Leased)
Frontage
183’ on West Walnut Avenue
Amenities
- Pylon Sign
- Signage
- Wheelchair Accessible
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 12-260-33-000 | Improvements Assessment | $275,519 |
| Land Assessment | $155,400 | Total Assessment | $430,919 |
Property Taxes
Parcel Number
12-260-33-000
Land Assessment
$155,400
Improvements Assessment
$275,519
Total Assessment
$430,919
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1302 W Walnut Ave