Property Listing No Longer Available for Sale

835 Shugart Rd, Dalton, GA

Retail for Sale - $3,500,000 - 55,258 Sq. Ft. on 4.89 acres


Property Info

CIMLS#1143525
Location
  835 Shugart Rd
  Dalton GA 30720
UpdatedFebruary 5th, 2024
TypeRetail
Price$3,500,000
Building55,258 Sq. Ft.
Land4.89 acres

Property Description

Ground Lease Kohl's department store with over 8.5 years of initial terms left on the lease and 10 additional 5-year extension options with 10% rent escalations at each option. Built in 2011 and in great condition, the property is priced well below replacement cost ($63.34/SF) and located at one of the most heavily trafficked exits in North Georgia boasting over 110,000 VPD where I-75 meets US 41 in Dalton, GA. Surrounded by other major retailers such as Walmart Supercenter, The Home Depot, Academy Sports + Outdoors, Verizon, Petco, and more.

NNN Ground Lease - Zero Landlord Responsibilities.

Over 8.5 year of term remaining on the initial lease term.

Corporately guaranteed by one of the largest publicly traded (NYSE: KSS) national retailers.

10 additional 5-year extension options with 10% rent escalation upon the execution of each option.

Priced well below replacement cost at $63.34/SF.

Strategically located with easy access at a major exit off of I-75, the heavily trafficked interstate connecting Atlanta to Chattanooga, and on the northwest side of quickly growing Dalton, GA.

Surrounded by other major retailers such as Walmart Supercenter, The Home Depot, Academy Sports + Outdoors, Verizon, Petco, and more.

For More Information on this property contact:

Charlie Carroll | 404-618-0720 | Charlie@stratuspg.com

https://stratuspg.com/portfolio/kohls-department-store/

www.stratuspg.com


Financials