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Shopping Strip

Walmart Shadow Center

3886 GA-17, Toccoa, GA 30577

Listing Price: $4,735,000

Cap Rate
7.50%
Gross SF
45,000
Rentable SF
45,000
Price/Gross SF
$105.22
Lot Size
4.81 acres
Year Built
2005

Investment Overview

WALMART SUPERCENTER SHADOW CENTER • The property is a 45,000 SF Walmart Supercenter shadow anchored retail center located in Toccoa, GA • The property presents immense upside at 80% oc cupancy • This center includes a complimentary mix of restaurants, service tenants, and national brands such as CATO, Aaron’s, Shoe Show, Papa John’s, and more • This center is shadow anchored by a high-performing Walmart since 2005 | Walmart owns the Walmart • Leasing Momentum | 1 New Lease and 9 lease renewals since 2020 • Stable Tenant History | Average Tenant Tenure: 11.73 Years VALUE-ADD | IMMEDIATE UPSIDE OPPORTUNITY • This shopping center is 80% leased, presenting immediate upside opportunity for an investor • Average Rent: $11.06 DOMINANT RETAIL LOCATION • This shopping center sees 2.3m annual visits • It is the #1 most visited shopping center in a 30-mile radius • The center pulls f rom a 30-Mile Trade Area STRATEGIC LOCATION • The shopping center is located at the hard corner intersection of Big-A Road and Toccoa Bypass • Big-A Road is the major retail corridor of Toccoa • Toccoa Bypass is a major intersection for travelers visiting Lake Hartwell, one of the southeast’s largest recreation lakes • This shopping center is one of the main stop-off locations for travelers coming f rom Atlanta and visiting Lake Hartwell TOCCOA, GA • Toccoa is a city in far Northeast Georgia near the border with South Carolina & is the county seat of Stephens County, Georgia • It is located about 50 miles f rom Athens and about 90 miles northeast of Atlanta. • The city has a rich history as a major Nativ e American settlement at least 1,000 years before European arrival • Toccoa is a well-known destination for nature with attractions such as the Toccoa Falls on the Campus of Toccoa Falls College & Traveler’s Rest, a designated national history landmark situated along Lake Hartwell • Toccoa is also the location of many second homes, as it provides one of the closest access points to Atlanta for Lake Hartwell, one of the Southeast’s largest lakes with 14M annual visitors

Investment Highlights

  • #1 Most Visited Shopping Center 30-Mile Radius
  • Leasing Momentum 1 New Lease & 9 Renewals
  • Vale Add Opportunity 80% Leased
  • Regional Trade Area
  • Hard Corner Of Major Intersection
  • Lake Hartwell | 14M Annual Visitors

Exclusively Listed By

Financing By

Shopping Strip

Walmart Shadow Center

Listing Price: $4,735,000

Cap Rate
7.50%
Gross SF
45,000
Rentable SF
45,000
Price/Gross SF
$105.22
Lot Size
4.81 acres
Year Built
2005

Investment Highlights

  • #1 Most Visited Shopping Center 30-Mile Radius
  • Leasing Momentum 1 New Lease & 9 Renewals
  • Vale Add Opportunity 80% Leased
  • Regional Trade Area
  • Hard Corner Of Major Intersection
  • Lake Hartwell | 14M Annual Visitors

Investment Overview

WALMART SUPERCENTER SHADOW CENTER • The property is a 45,000 SF Walmart Supercenter shadow anchored retail center located in Toccoa, GA • The property presents immense upside at 80% oc cupancy • This center includes a complimentary mix of restaurants, service tenants, and national brands such as CATO, Aaron’s, Shoe Show, Papa John’s, and more • This center is shadow anchored by a high-performing Walmart since 2005 | Walmart owns the Walmart • Leasing Momentum | 1 New Lease and 9 lease renewals since 2020 • Stable Tenant History | Average Tenant Tenure: 11.73 Years VALUE-ADD | IMMEDIATE UPSIDE OPPORTUNITY • This shopping center is 80% leased, presenting immediate upside opportunity for an investor • Average Rent: $11.06 DOMINANT RETAIL LOCATION • This shopping center sees 2.3m annual visits • It is the #1 most visited shopping center in a 30-mile radius • The center pulls f rom a 30-Mile Trade Area STRATEGIC LOCATION • The shopping center is located at the hard corner intersection of Big-A Road and Toccoa Bypass • Big-A Road is the major retail corridor of Toccoa • Toccoa Bypass is a major intersection for travelers visiting Lake Hartwell, one of the southeast’s largest recreation lakes • This shopping center is one of the main stop-off locations for travelers coming f rom Atlanta and visiting Lake Hartwell TOCCOA, GA • Toccoa is a city in far Northeast Georgia near the border with South Carolina & is the county seat of Stephens County, Georgia • It is located about 50 miles f rom Athens and about 90 miles northeast of Atlanta. • The city has a rich history as a major Nativ e American settlement at least 1,000 years before European arrival • Toccoa is a well-known destination for nature with attractions such as the Toccoa Falls on the Campus of Toccoa Falls College & Traveler’s Rest, a designated national history landmark situated along Lake Hartwell • Toccoa is also the location of many second homes, as it provides one of the closest access points to Atlanta for Lake Hartwell, one of the Southeast’s largest lakes with 14M annual visitors

Exclusively Listed By

Financing By

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