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Walnut Square 1308-1310 W Walnut Ave 108,681 SF 100% Leased 4-Star Retail Building Dalton, GA 30720 For Sale
EXECUTIVE SUMMARY
Atlantic Capital Partners has been exclusively engaged to market for sale Walnut
Square, an institutional quality grocery-anchored power center located in one of
Georgia’s most distinguished communities due to its prominent role as the carpet
capital of the world. Located in the heart of Dalton’s prime retail corridor, the
asset serves as a fixture for the affluent population base with easy access off the
heavily trafficked Interstate 75 capturing nearly 83,000 vehicles per day which
feed the 28,000 vehicles per day on Walnut Ave. Walnut Square benefits from a
local population of over 35,000 people within a 3-mile radius with 1-mile average
household income over $110,000 per year.
Totaling 127,391 square feet, Walnut Square is presently 99% occupied by twelve
market-leading retail tenants. The newly constructed asset is anchored by Food
City, a dominant grocery chain with a strong regional presence as well as other
national anchors including Ross, Ulta Beauty, and PetSmart. National retailers
Bath & Body Works, AT&T, Kay Jewelers and Crumbl Cookies supplement the
center with premier shop space tenancy providing long-term stability for the
asset. Walnut Square’s tenant roster is comprised of 89% national tenancy.
The shopping center benefits from high visibility and accessibility with direct
frontage on Walnut Avenue (27,921 VPD) as well as its proximity to Interstate 75
(82,654 VPD). With only one shop space currently available totaling 843 square
feet, future ownership will enjoy rent roll stability at a location with proven and
established tenants. Walnut Square is being offered for sale without a formal
asking price, free-and-clear of existing debt.
Square, an institutional quality grocery-anchored power center located in one of
Georgia’s most distinguished communities due to its prominent role as the carpet
capital of the world. Located in the heart of Dalton’s prime retail corridor, the
asset serves as a fixture for the affluent population base with easy access off the
heavily trafficked Interstate 75 capturing nearly 83,000 vehicles per day which
feed the 28,000 vehicles per day on Walnut Ave. Walnut Square benefits from a
local population of over 35,000 people within a 3-mile radius with 1-mile average
household income over $110,000 per year.
Totaling 127,391 square feet, Walnut Square is presently 99% occupied by twelve
market-leading retail tenants. The newly constructed asset is anchored by Food
City, a dominant grocery chain with a strong regional presence as well as other
national anchors including Ross, Ulta Beauty, and PetSmart. National retailers
Bath & Body Works, AT&T, Kay Jewelers and Crumbl Cookies supplement the
center with premier shop space tenancy providing long-term stability for the
asset. Walnut Square’s tenant roster is comprised of 89% national tenancy.
The shopping center benefits from high visibility and accessibility with direct
frontage on Walnut Avenue (27,921 VPD) as well as its proximity to Interstate 75
(82,654 VPD). With only one shop space currently available totaling 843 square
feet, future ownership will enjoy rent roll stability at a location with proven and
established tenants. Walnut Square is being offered for sale without a formal
asking price, free-and-clear of existing debt.
DATA ROOM Click Here to Access
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
108,681 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2019
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.33
Lot Size
7.61 AC
Zoning
C-2 - Commercial
AMENITIES
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 12-260-31-000 | Improvements Assessment | $5,544,636 |
| Land Assessment | $1,323,000 | Total Assessment | $6,867,636 |
PROPERTY TAXES
Parcel Number
12-260-31-000
Land Assessment
$1,323,000
Improvements Assessment
$5,544,636
Total Assessment
$6,867,636
CONTACTS
-
Fred Victor -
Teddy Driscoll -
Justin Smith -
Matt Ericson -
Sam Koonce -
Atlantic Retail
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Walnut Square | 1308-1310 W Walnut Ave
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