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1308 Walnut Ave Dalton, GA 30720

Grocery-anchored retail center in Dalton, GA

Overview

Added:
Dec 11, 2024
Days on market:
136
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.

Highlights

  • Food City-anchored shopping center with strong regional grocer and necessity-based tenants ensuring consistent consumer demand.
  • Recently redeveloped (2019) 127,391 SF Class A shopping center with 89% national tenant rent roll, minimizing future capital expenditures.
  • High-visibility location on West Walnut Avenue (GA-52), a major retail corridor with 27,000+ daily vehicle traffic, further enhanced by proximity to I-75 (82,654 VPD).
  • Prominent retail node location near Kroger, TJ Maxx, Planet Fitness, and numerous QSRs, driving high consumer traffic.
  • Affluent trade area with over 35,000 people within a 3-mile radius and average household incomes exceeding $110,000 within a 1-mile radius.
  • 12.2-year weighted average lease term providing long-term tenant commitment and stable cash flow.

Property Details for 1308 Walnut Ave

Property type
Lifestyle centers, Power centers
Square Feet
127,391 SF
Class
A
Units
12

Location Insight

City
Dalton
County
Whitfield
State
Georgia
Latitude
34.7609983
Longitude
-84.9920934

FAQs

What type of property is this?
Lifestyle center - Grocery-anchored retail center in Dalton, GA
Where is the lifestyle center located?
The property is located at 1308 Walnut Ave Dalton, GA.
What are key features of this property?
This property features: Food City-anchored shopping center with strong regional grocer and necessity-based tenants ensuring consistent consumer demand.; Recently redeveloped (2019) 127,391 SF Class A shopping center with 89% national tenant rent roll, minimizing future capital expenditures.; High-visibility location on West Walnut Avenue (GA-52), a major retail corridor with 27,000+ daily vehicle traffic, further enhanced by proximity to I-75 (82,654 VPD).
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1308 Walnut Ave
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