Properties

Kohl's, Ground Lease, Dalton, GA

835 Shugart Road
Dalton, GA 30720

PROPERTY SOLD

Property: Investment Sales

Price: $3,175,000

Cap Rate: Call

Description:

• Located 75 miles north of Atlanta and 25 miles south of Chattanooga on the I-75 corridor
• Adjacent to other national big box retailers such as Walmart, Home Depot and Kohl’s
• 55,258 square foot department store situated on 4.89 acres with +/-240 parks
• Tenant commenced a 20 year ground lease in September 2011 with 10 renewal options
• The partially financed transaction closed escrow in December 2012 for $3.175 million
• The buyer was a private family trust out of California