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Shopping Strip

Walmart Shadow Center

1583 Rome Hwy, Cedartown, GA 30125

Listing Price: $5,440,000

Cap Rate
7.50%
Gross SF
30,600
Rentable SF
30,600
Price/Gross SF
$177.78
Lot Size
5.39 acres
Year Built
2006

Investment Overview

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, AT&T, 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 it’s 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 tenants

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 employees 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

CEDARTOWN, GA | ROME MSA
• 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

Investment Highlights

  • Walmart Supercenter Shadow Center
  • History Of Strong Performance
  • Economic Drivers To The Region
  • Cedartown, GA | Rome MSA

Exclusively Listed By

Financing By

Shopping Strip

Walmart Shadow Center

Listing Price: $5,440,000

Cap Rate
7.50%
Gross SF
30,600
Rentable SF
30,600
Price/Gross SF
$177.78
Lot Size
5.39 acres
Year Built
2006

Investment Highlights

  • Walmart Supercenter Shadow Center
  • History Of Strong Performance
  • Economic Drivers To The Region
  • Cedartown, GA | Rome MSA

Investment Overview

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, AT&T, 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 it’s 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 tenants 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 employees 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 CEDARTOWN, GA | ROME MSA • 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

Exclusively Listed By

Financing By

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