Properties

Jasper Crossing - Walmart Shadow Anchored Center

1101 Old Philadelphia Rd
Jasper, GA 30143

PROPERTY SOLD

Property: Investment Sales

Square Footage: +/- 22,800

Acreage: +/- 4.34

Price: $3,570,000

Cap Rate: 7.50%

Anchor Tenants: Walmart (Shadow Anchor)

Description:

• 2015 class A construction and 100% leased to a solid mix of national, regional and local tenants
• Anchored by Dollar Tree (Nasdaq: DLTR) and Hibbett Sports (Nasdaq: HIBB)
• Walmart shadow anchored with shared pylon signage on the primary corridor (Hwy 5/515)
• 2015 traffic counts of +/- 23,800 on Hwy 5/515
• Trade area tenants include Walmart, Home Depot, Kroger, Ingles, Starbucks, McDonald’s, AutoZone, Sherwin-Williams and dozens more national retailers and restaurants
• Located 1 hour north of Atlanta and 2 miles west of historic downtown Jasper
• 2016 population over 75,860 and average household income over $66,921 in a 15 mile radius