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Walmart Shadow Center | Cedartown, GA 1577 Rome Hwy 30,600 SF 100% Leased Retail Building Cedartown, GA 30125 $5,440,000 ($177.78/SF) 7.50% Cap Rate

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Executive Summary

WALMART SUPERCENTER SHADOW CENTER
• The subject property is a 30,600 SF retail shopping center shadow-anchored by Walmart Supercenter in Cedartown, GA
• The property is 100% leased with strong national brands such as Dollar Tree, Cato, Shoe Show, Amedysis, Security Finance, Little Caesars, and more
• Only Walmart Supercenter location in a 16-mile radius | Walmart owns the Walmart
• Walmart just invested significant capital to renovate this location, confirming its long-term commitment to the location
• This Walmart pulls from a 20+ mile trade area
HISTORY OF STRONG PERFORMANCE
• Strong Tenancy | Average Occupancy: 12.5 years
• Two new leases have been executed since 2020
• The center boasts an attractive tenant mix with both national and local (restaurant & daily use) tenants
ACROSS FROM NEW PUBLIX ANCHORED SHOPPING CENTER
• The subject property is located across from a proposed 94,791 SF grocery-anchored shopping center
• The new development will span over 7 acres and feature 7 prime outparcels
• New Publix Center across the street is asking: $30/SF | Avg. Rent of this center: $13/SF
ECONOMIC DRIVERS TO THE REGION
• This area is home to prominent manufacturing plants for aircraft parts, furniture, auto parts, and more
• The HON Company manufactures furniture and employs over 800 people
• Axillon Aerospace specializes in aircraft parts and auxiliary equipment, employing approximately 841 individuals
• Jefferson Southern Corp. manufactures motor vehicles and passenger car bodies, providing employment to about 400 people
ROCKMART, GA
• Cedartown, GA is located in Polk County GA
• Located just an hour outside of Atlanta, Cedartown is positioned in the Rome, GA MSA, where US HWY 27 and US HWY 278 converge, offering strong transportation access for logistics and retail
• Cedartown is a part of the Silver Comet Trail, a long distance walking/biking trail that connects Atlanta to the Alabama state line and attracts tourists from all over the state
• Just 30 minutes north of Cedartown, Rome is largest city in northwest Georgia and the most prominent MSA to the surrounding area
• Rome is a regional economic hub and is home to major employers in healthcare, education, and manufacturing
• Rome is also home to Barry College, which is the world’s largest contiguous college campus

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
30,600 SF
Building Class
C
Year Built
2006
Price
$5,440,000
Price Per SF
$177.78
Cap Rate
7.50%
NOI
$407,841
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
5.41 AC
Zoning
Commercial - General Commercial
Parking
171 Spaces (5.59 Spaces per 1,000 SF Leased)
Frontage
275’ on Rome Highway

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Finance and Insurance
  • -
  • -
  • -
  • -

They are in the business of helping their friends and neighbors make their way through life with the dignity and respect they deserve. Since 1941, they have worked in local communities to provide financial solutions for customers and their families. It’s been over 75 years since founder Ben F. Cheek, Jr., made his first $34 loan; since then they've worked with generations of families to provide them with the funds they need when they need them the most. 1st Franklin Financial continue to offer personal loans and financial solutions so their customers can reach their goals. In addition to personal loan products and real estate loans, they also offer investment securities in the form of Senior Demand Notes and Subordinated Debentures.

  • Health Care and Social Assistance
  • -
  • -
  • -
  • -

Advance Rehabilitation is an outpatient physical therapy provider operating throughout the state of Georgia. The clinic specializes in physical therapy services focused on orthopedic rehabilitation, sports medicine, injury recovery, and work-related rehabilitation. Treatment services include pre- and post-surgical rehabilitation, manual therapy, balance and fall prevention, and industrial rehabilitation programs. The clinic provides appointment-based care delivered by licensed physical therapists and support staff trained in outpatient orthopedic and rehabilitative services. The Kingsland clinic emphasizes individualized treatment plans designed to restore function, reduce pain, and help patients return to daily activities and employment.

  • Retailer
  • -
  • -
  • -
  • -

Hibbett, headquartered in Birmingham, Alabama, is a leading athletic-inspired fashion retailer with many Hibbett, City Gear and Sports Additions specialty stores located in states nationwide. Hibbett has a rich history of serving customers for years with convenient locations, superior personalized customer service and access to coveted footwear, apparel and accessories from top brands like Nike, Jordan, and adidas. Consumers can browse styles, find new releases, shop looks and make purchases through their best-in-class omni-channel platform.

  • Nail Mart
  • Services
  • -
  • -
  • -
  • -
  • Accommodation and Food Services
  • -
  • -
  • -
  • -

Papa Johns International, Inc. (Nasdaq: PZZA) opened its doors in 1984 with one goal in mind: BETTER INGREDIENTS. BETTER PIZZA®. Papa Johns believes that using high-quality ingredients leads to superior quality-pizzas. Its original dough is made of only six ingredients and is fresh, never frozen. Papa Johns tops its pizzas with real cheese made from mozzarella, pizza sauce made with vine-ripened tomatoes that go from vine to can in the same day and meat free of fillers. It was the first national pizza delivery chain to announce the removal of artificial flavors and synthetic colors from its entire food menu. Papa Johns is co-headquartered in Atlanta, Ga. and Louisville, Ky. and is the world’s third-largest pizza delivery company with approximately 6,000 restaurants in approximately 50 countries and territories.

  • Retailer
  • -
  • -
  • -
  • -

Shoe Show Mega operates under SHOE SHOW, INC., a footwear and accessories retailer founded in 1960 in Kannapolis, North Carolina. The company has grown into a nationwide presence with over stores across 47 states, offering a variety of branded shoes, bags, and accessories for men, women, and children. The company’s headquarters and distribution center are located in Concord, North Carolina, supporting its extensive retail network. SHOE SHOW, INC. emphasizes operational efficiency through standardized store designs and advanced distribution systems. Privately held, the company has maintained its focus on providing value and quality products while engaging in community initiatives and charitable activities. With more than six decades in the industry, SHOE SHOW, INC. continues to adapt to changing retail trends while maintaining its core principles of service and affordability.

  • The Factory
  • Retailer
  • -
  • $7.00
  • Triple Net
  • Oct 2031
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Finance and Insurance - - - -
Health Care and Social Assistance - - - -
Retailer - - - -
Nail Mart Services - - - -
Accommodation and Food Services - - - -
Retailer - - - -
The Factory Retailer - $7.00 Triple Net Oct 2031

Nearby Major Retailers

Wnb Factory
Zaxby's

Property Taxes

Property Taxes

Parcel Number
029-002H
Land Assessment
$484,766
Improvements Assessment
$1,055,234
Total Assessment
$1,540,000
  • Listing ID: 35350147

  • Date on Market: 4/2/2025

  • Last Updated:

  • Address: 1577 Rome Hwy, Cedartown, GA 30125

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