OFFERING INTRODUCTION
Matthews Real Estate Investment Services™, is pleased to offer the opportunity to acquire Petco Center, a 24,205± SF neighborhood center, shadow-anchored by Walmart Supercenter, The Home Depot, Kohl’s & Academy Sports, and anchored by Petco - located within the heart of Dalton, GA.
INVESTMENT HIGHLIGHTS
Outparcel to four (4) major, regional consumer draws
Walmart Supercenter, The Home Depot, Kohl’s, and Academy Sports - Placing Petco Center in the heart of a significant retail shopping hub within Dalton
Located just off I-75 in the heart of Dalton – the second-largest city in NW Georgia and “Carpet Capital of the World”
Boasting a strong local economy and convenient proximity to Chattanooga
Anchored by Petco and comprised of over 93% national credit retailers like Mattress Firm, Aspen Dental and Verizon
Providing notable stability and facilitating buyer ability to secure more attractive financing
Significant barriers to entry make future commercial development extremely costly and prohibitive
Limiting overall retail competition within the growing Dalton market
5-Tenant retail asset characterized by national credit
Creates a passive ownership scenario for hands-off, private investors at a more accretive return than an STNL asset
Walmart Supercenter boasts 2.6M annual visitors, ranking #27 of 153 locations in Georgia (top 83%)
Providing a significant synergistic draw for the tenants at Petco Center
Marked by strong retail fundamentals
Including excellent visibility and frontage, prominent signage, a traditional retail ‘strip’ layout, ample parking, ease of access, and major regional consumer draws
PROPERTY ATTRIBUTES
Outparcel to Four Regional Shadow Anchors
Petco Center is advantageously positioned at the entrance to a significant, regional shopping destination, which includes 1 of only 2 Walmart Supercenters in Dalton, the only Home Depot, the only Academy Sports within 25+ miles, and the only Kohl’s within 25+ miles. Petco Center benefits from a combined 4.31M annual customer visits associated with its four shadow anchor draws, creating significant consumer synergy for tenants at the Property.
93% National Credit Tenants
Anchored by Petco with Aspen Dental, Verizon and Mattress Firm, Petco Center is home to 93% national credit retailers, providing notable stability from day one. A low-maintenance, 5-tenant retail strip, the offering provides a passive ownership scenario for hands-off investors, at a more accretive return than a typical STNL asset.
Regional Market Position
Situated just minutes from Dalton State College and Dalton High School, the Property boasts a convenient, regional position with visibility from Interstate 75, which connects Tennessee markets like Chattanooga and Knoxville, to the north, with Atlanta to the south. One of the most heavily trafficked highways in the Southeast, I-75 is a major logistics corridor which accommodates over 76,000 VPD.
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.
DEBT CONTACT
Andrew Marcus
First Vice President
(201) 787-6030
andrew.marcus@matthews.com
BROKER OF RECORD
Bill Pedersen
LIC.# 80041 (GA)