Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Home Appliance Store
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Bank Credit Union
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Atm
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Grocery & Convenience Store Food Market
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Pharmacy
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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