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Walmart Shadow Center | Cedartown, GA 1577 Rome Hwy 30,600 SF 100% Leased Retail Building Cedartown, GA 30125 $7,478,749 CAD ($244.40 CAD/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
$7,478,749 CAD
Price Per SF
$244.40 CAD
Cap Rate
7.50%
NOI
$560,688 CAD
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 a physical therapy practice that focuses on providing the highest quality rehabilitation services. They specialize in physical therapy, sports medicine, industrial rehabilitation and athletic training. Their staff includes highly-trained professionals that serve as a bridge between injury and recovery to help patients get back to pre-injury status as quickly as possible. Their Mission & Core Values Advance Rehabilitation’s mission is to provide the highest quality rehabilitation services in a cost-effective and time-efficient manner while providing excellence in customer service to their clients. Their Core Values serve as a foundation for all of their efforts.

  • 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. is a leading global pizza brand known for its commitment to “Better Ingredients. Better Pizza.®” Founded in 1984, the company has grown to thousands of locations in over 45 countries. Papa Johns stands out for its fresh, never-frozen dough, signature sauces, and quality toppings. Headquartered in Atlanta, Georgia, the brand continues to innovate in digital ordering, customer experience, and community engagement, while staying true to its promise of delivering better pizza every time.

  • Retailer
  • -
  • -
  • -
  • -

Founded in 1960 in Kannapolis, NC, SHOE SHOW, INC.’s success has been based on a simple formula of providing quality products, service and value. SHOE SHOW, INC. is a leader in branded footwear, bags, and accessories for the entire family with years of experience. They continue to grow with stores named SHOE SHOW, SHOE DEPT., Burlington Shoes, SHOE DEPT. ENCORE, BURLINGTON SHOES ENCORE, SHOE SHOW MEGA, and Half Moon Outfitters. Currently SHOE SHOW, INC. has 1000+ stores in 47 states. SHOE SHOW, INC. has maintained its formula of success through technological advances and operating efficiencies; such as, standard store design, an efficient distribution center and computer links with stores and vendors. The company headquarters and distribution center is located in Concord, NC. SHOE SHOW, INC. also places great value on social and community activities that assist the local area.

  • The Factory
  • Retailer
  • -
  • $9.62 CAD
  • 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 - $9.62 CAD Triple Net Oct 2031

NEARBY MAJOR RETAILERS

Wnb Factory
Zaxby's

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
029-002H
Land Assessment
$671,273 CAD
Improvements Assessment
$1,368,988 CAD
Total Assessment
$2,040,260 CAD
  • Listing ID: 35350147

  • Date on Market: 2025-04-02

  • Last Updated:

  • Address: 1577 Rome Hwy, Cedartown, GA 30125

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