Press Releases
Marcus & Millichap Brokers Sale of Walmart Shadow-Anchored Shopping Center Near Atlanta
February 09, 2026
CEDARTOWN, Ga., Feb. 9, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a 30,600-square-foot shopping center shadow anchored by a Walmart Supercenter in Cedartown, Georgia. The property sold for $5,340,000.
“We were proud to deliver our seller a mid-7% cap rate,” said Eric Abbott, director investments. “Cedartown has a population of about 10,000, but the property is well positioned next to Walmart and across from a Publix-anchored development.”
Abbott and Zach Taylor, investment specialists in Marcus & Millichap’s Atlanta office, represented the seller, a private local investor, in the transaction.
Located at 1583 Rome Highway on a 5.39-acre site, the fully leased shopping center is occupied by 11 tenants, including Dollar Tree, AT&T, Cato, Shoe Show, Little Caesars and Amedisys. The property has an average tenant tenure of more than 12 years and has undergone recent capital improvements, including a new parking lot, LED lighting, landscaping upgrades and a new monument sign.
The center is adjacent to the area’s only Walmart Supercenter within a 16-mile radius, which was recently renovated. Cedartown is located approximately 70 miles northwest of downtown Atlanta.
“We were proud to deliver our seller a mid-7% cap rate,” said Eric Abbott, director investments. “Cedartown has a population of about 10,000, but the property is well positioned next to Walmart and across from a Publix-anchored development.”
Abbott and Zach Taylor, investment specialists in Marcus & Millichap’s Atlanta office, represented the seller, a private local investor, in the transaction.
Located at 1583 Rome Highway on a 5.39-acre site, the fully leased shopping center is occupied by 11 tenants, including Dollar Tree, AT&T, Cato, Shoe Show, Little Caesars and Amedisys. The property has an average tenant tenure of more than 12 years and has undergone recent capital improvements, including a new parking lot, LED lighting, landscaping upgrades and a new monument sign.
The center is adjacent to the area’s only Walmart Supercenter within a 16-mile radius, which was recently renovated. Cedartown is located approximately 70 miles northwest of downtown Atlanta.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
