Properties

Academy Sports + Outdoors

865 Shugart Road
Dalton, GA 30720

PROPERTY SOLD

Property: Investment Sales

Square Footage: 62,033

Acreage: 5.228

Price: $7,800,000

Cap Rate: Call

Description:

• Located 75 miles north of Atlanta and 25 miles south of Chattanooga along the I-75 corridor
• Adjacent retailers include Walmart, Kohl’s, Home Depot, Petco, Mattress Firm, Aspen Dental
• 62,000 SF building positioned on 5.23 acres with 248 parking spaces developed in 2012
• 17 year double net lease with rent bumps every 5 years that commenced in November 2012
• The 27 day cash transaction closed escrow in February 2013 for approximately $7.8 million
• The buyer was a national full service investment management firm based in New York City