Walnut Square Shopping Center in Dalton, Georgia, Sells for $18.2 Million

Atlantic Capital Partners recently brokered the $18.2 million sale of Walnut Square, a newly constructed shopping center located in Dalton, Georgia. The retail property spans 127,391 square feet and is strategically situated off Ga. Highway 52, with convenient access to I-75.

At the time of sale, Walnut Square boasted a 99 percent occupancy rate, indicating strong tenant demand and market stability. Its tenant roster includes prominent national and regional retailers such as Food City, Ross Dress for Less, Ulta Beauty, PetSmart, Bath & Body Works, AT&T, Kay Jewelers, and Crumbl Cookies. Fred Victor, Sam Koonce, Teddy Driscoll, and Matt Austin of Atlantic Capital Partners represented the undisclosed seller in the transaction, with the buyer also remaining unnamed.

This transaction highlights continued investor interest in well-located, high-occupancy retail assets, particularly newly developed centers with a diverse mix of tenants. For developers and investors, the sale of Walnut Square underscores the viability of retail projects in growing North Georgia markets, emphasizing the importance of strong tenant lineups and strategic highway access for successful property dispositions.