1308 Walnut Ave Dalton, GA 30720

Property Details for 1308 Walnut Ave

Property size

127,391 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional Class A, 127,391 square foot shopping center in Dalton, Georgia, presents a compelling institutional investment opportunity. Anchored by Food City, a strong regional grocer, the center boasts a diverse tenant mix including AT&T, PetSmart, Ulta, and Ross Dress for Less, creating a robust and resilient retail environment. The property features 12 units and benefits from a recently completed (2019) redevelopment, resulting in a nearly 90% national tenant rent roll, minimizing future capital expenditures. Strategically located on West Walnut Avenue (GA-52), the main retail corridor in the Dalton area, the center enjoys exceptional visibility with high daily traffic counts exceeding 27,000 vehicles, further enhanced by proximity to I-75's substantial traffic volume (82,654 vehicles per day). The center's location within a prominent retail node, alongside major retailers like Kroger, TJ Maxx, and Planet Fitness, and numerous QSRs within a half-mile radius, ensures consistent high consumer traffic. The affluent trade area, known as the "carpet capital of the world," boasts a strong demographic profile with over 35,000 people within a 3-mile radius and average household incomes exceeding $110,000 within a 1-mile radius. A weighted average lease term of 12.2 years provides long-term tenant commitment and stable cash flow, making this a truly exceptional investment opportunity.

Location Insight

City

Dalton

County

Whitfield

State

Georgia

Longitude

-84.9921

Latitude

34.761