Northside Plaza

OFFERING INTRODUCTION

Matthews Real Estate Investment Services™, is pleased to offer the opportunity to acquire Northside Plaza, a 73,931 SF retail asset, which is a top 20 neighborhood center in GA for foot traffic (Placer.ai) with over 3M annual visits - located within the heart of Dalton, GA.

INVESTMENT HIGHLIGHTS

With over 3M annual visits, Northside boasts excellent consumer foot traffic data, according to Creditntell

Ranks #20 of 630 neighborhood centers (30K-100K SF) in GA and #1,486 of 11,171 (top 14%) in the U.S.
Situated at the high-traffic, signalized intersection of North Dalton Bypass (US-41/US-76) and Cleveland Hwy (GA-71), accessing a combined 61,000 VPD
Strong retail fundamentals include excellent visibility and frontage along GA-71, prominent signage, a signalized main entrance, ample parking, ease of access, and major synergistic consumer draws

QSR center of gravity with phenomenal foot traffic at and directly across from the Center

Includes Starbucks (top 4% in the U.S.), Taco Bell (top 8% in the U.S.), Dunkin (top 9% in the U.S.), Checkers (top 6% in the U.S.), Walgreen’s, BB&T, Hardee’s (top 22% in the U.S.) and a newly built Chick-Fil-A (top 20% in the U.S.)
Chick-Fil-A shadow outparcel is home to a double drive-thru and has boosted customer visits at the center by 33% since opening, drawing over 1M customers annually to the restaurant alone
Starbucks shadow outparcel ranks as the #5 store in the state of Georgia

Anchored by national retailers – Dollar Tree and America’s Thrift – bolstered by newer 10-yr leases in 2021 and 2022, resulting in a strong average remaining lease term of over 7 years

Dollar Tree is ranked #31 of 336 locations in GA for consumer foot traffic (top 10%) and in the top 14% in the entire U.S.
Synergistic, low-cost providers create a convenient, one-stop shopping destination for value-minded consumers

The tenant roster at Northside is comprised of roughly 91.6% national tenants, including PT Solutions, Little Caesars, Jackson Hewitt, and Subway

E-commerce resistant blend of shops includes restaurants, service retail, and medical providers
Subway boasts over 33 years of tenure at the Property
Low average rent PSF, providing accretive future NOI growth opportunity

Strategically positioned within the heart of Dalton, GA which is recognized as the “Carpet Capital of the World”, and surrounded by local economic drivers including Dalton State University and Hamilton Medical Center

Immediate proximity to regional retail draws like Lowe’s and Kroger
As the “Carpet Capital of the Word”, Dalton serves as a manufacturing and logistics hub for the Eastern United States with nearby Shaw Industries and Engineered Floors accounting for roughly 14,000 jobs in Dalton
Dalton State is home to a student enrollment of 4,910 and is ranked #1 in GA for Best Public Colleges based on net price
Close proximity to Hamilton Medical Center, with over 300 employees and 239 beds
Central location within the community - less than a mile from Dalton Junior HS, Hammond Creek Middle School, Dalton Golf & Country Club, and Dalton Park

MARKET OVERVIEW

DALTON, GA

The county seat for Whitfield County, Dalton is the second-largest city in northwest Georgia, situated in the foothills of the Blue Ridge Mountains, roughly 30 miles southeast of Chattanooga. Located just off Interstate 75, Dalton is historically and widely known as the “Carpet Capital of the World,” serving as home to many of the nation’s largest floor covering manufacturers, including Shaw Industries, Mohawk, Engineered Floors, Cherokee Carpet, Phenix Flooring, Challenger Turf, Dorsett Industries and more. More recently, the city has been nicknamed Solartown, USA, attracting major international solar panel production companies like Qcells, which added a second installation in Dalton in 2023, employing over 2,000 workers. The city is also home to Dalton State College – a public, four-year institution which is ranked #1 in Georgia and Tennessee for “Best Public Colleges” by U.S. News & World Report and #52 in the U.S. for net price. Downtown Dalton offers residents and visitors a plethora of activities and entertainment – from breweries, to bars and taverns, to live music, to dining and eclectic boutique shopping.

PROPERTY ATTRIBUTES

Strategic Market Position

Northside is strategically situated at the intersection of Cleveland Hwy and N Dalton Bypass (US-41/US-76/GA-3), which serves as Dalton’s primary perimeter traffic corridor, connecting with I-75 on the north and south sides of the city. The Property’s position gives it excellent proximity to major community draws like Dalton Junior HS, Heritage Point Regional Park, Dalton Golf & Country Club, North Georgia Fairgrounds, retail draws like Lowe’s and Kroger, and major employment bases like Engineered Floors and Shaw.

Highly Ranked Neighborhood Center

With a combination of a strong location, complimentary national anchors, reliable service providers, and extremely busy outparcel draws; Northside is ranked the #20 busiest neighborhood center in Georgia out of 630 and #1 of 4 within 15 miles, based on consumer foot traffic.

Strong Retail Fundamentals

Northside boasts an enviable, high consumer traffic location within the Dalton market, complimentary, long-term anchors, and strong retail fundamentals, which position an incoming owner for long-term success.

TENANT HIGHLIGHTS

Synergistic, Long-Term Anchors

Anchored by Dollar Tree and America’s Thrift, Northside is home to a synergistic mix of retail, which makes it a one-stop shopping destination for value-minded consumers. With new 10-year leases in 2021 and 2022, Dollar Tree and America’s Thrift boast over 7 years of average remaining lease term, providing notable stability while facilitating buyer ability to secure more attractive financing. Further, Dollar Tree boasts strong consumer foot traffic, ranking #1 of 6 locations within 15 miles, according to Placer.ai.

E-Commerce Resistant, National Tenant Mix

The tenant roster at Northside is comprised of roughly 91.6% national retailers, further characterized by an e-commerce resistant blend of shops, highlighted by multiple fast casual and sit-down restaurants, various service providers, medical tenants, and more.

QSR Regional Center of Gravity

Based on Placer.ai consumer foot traffic data, the outparcel restaurants at Northside, as well as those directly across the street, boast a phenomenal customer draw, making them some of the top ranked locations in the state and country. The QSR dining hub is highlighted by a new ‘double drive-thru’ Chick-fil-A at the Property, which generates over 1 million consumer visits at the Property annually.