Property Listing No Longer Available for Sale

2738 Cleveland Highway, Dalton, GA

Retail for Sale - $1,172,000 - 16,000 Sq. Ft. on 282 acres


Property Info

CIMLS#433532
Location
  2738 Cleveland Highway
  Dalton GA 30721
UpdatedMarch 7th, 2013
TypeRetail
Price$1,172,000
Building16,000 Sq. Ft.
Land282 acres

Property Description

Bull Realty is pleased to offer this Fred’s, single tenant, double net lease offering in Dalton, GA. This +/- 16,000 sq ft single tenant location, opened in August of 2007 and is situated on an approximately 2.82 acre site in north Dalton. The initial lease term of 10 years has three 5-year option periods featuring $4,000 annual rent increases each period. This is an ideal investment for an investor looking for good real estate and a successful national credit tenant. The current NOI is $108,784 annually net of CAM contribution making this an attractive 9.3% cap rate.

The subject property is located 5 miles east of I-75 in Dalton (Whitfield County) on the main north-south artery with average daily traffic counts between 18,000 and 20,000 vehicles per day. Dalton is approximately 32 miles south of Chattanooga and 90 miles north of Atlanta and is known as “Carpet Capital of the World.” Within a 5-mile radius, the population is 47,677 with an average household income of $56,022.

Fred’s Inc. is headquartered in Memphis, TN, and has over 670 discount general merchandise stores mainly in the southeastern states. The company dates to 1947 and follows a unique store format and strategy combining elements of a discount dollar store, a drug store and a mass merchant.

Please contact Nancy or Sheree for additional details regarding this property.

Please Contact:

Nancy Miller, CCIM, MBA

Nancy@BullRealty.com

404.876.1640 x 118

Sheree Strome Berk, CCIM

Sheree@BullRealty.com

404.876.1640 x 122



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