1577 Rome Hwy - Retail FOR SALE


Cedartown, GA 30125
$5,440,000 USD
770-624-0841
1577 Rome Hwy, Cedartown, GA for Sale
$5,440,000 USD
Retail - FOR SALE
1/3
null | 7.5% Cap Rate

1577 Rome Hwy
Cedartown, GA 30125


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, 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

FOR SALE DETAILS

PRICE

$5,440,000 USD

PRICE/SF

$178 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walmart Shadow Center | Cedartown, GA

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront Retail/Office, Storefront Retail/Residential, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

171

LAND DETAILS

LAND ACRES

5.41 AC

LAND SF

235,660 SF

ZONING

Commercial

APN/PARCEL ID

029-002H

ASK ABOUT THIS PROPERTY

Eric AbbottMarcus & MillichapMore Info
770-624-0841

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Eric AbbottMarcus & MillichapMore Info
770-624-0841

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.