1263-1293 Cleveland Hwy
Dalton, GA 30721

SRS Investment Properties Group, as exclusive broker, is pleased to offer for sale Northside Plaza - a Food City anchored neighborhood center, strategically located at the high-traffic intersection of GA-71 & US-76 in Dalton, GA. Northside Plaza is advantageously anchored by an essential necessity-based shopping tenant in Food City. Already with an established, loyal following throughout the Mid-South, Food City took over a portfolio of stores from BI-LO in and around Chattanooga. Having renovated and ramped up the re-opening of the store as Food City, the anchor has continued to build on the momentum created by BI-LO, dating back to 1990. Recently renewing through 2024, Food City has established its ongoing commitment to the Property for the foreseeable future. Following the conversion of the Northside Plaza store from BI-LO, Food City has experienced exponential sales growth over the last few years, with a 17.65% YOY jump from 2017 to 2018. Additionally, Food City boasts a strong health ratio of just 2.48%. In addition to national anchors – Food City and Family Dollar – which account for almost 74% of the Total GLA, the Property is bolstered by a synergistic blend of national (internet proof) restaurants and service tenants, which provide an 86.1% overall national tenant roster. In addition to advantageous consumer draws, Starbucks and Hardee’s, which are not a part of the Offering, Northside Plaza presents an opportunity for buyers to continue to add value to the Property via the potential development of an outparcel adjacent to the Bank of America ATM at the front of the Property (see aerials for reference). Bank of America has term through October 2020 with no remaining options. This creates a highly viable opportunity for the next owner to incorporate the current ATM pad as part of a larger outparcel pad development, potentially adding a QSR or Food City’s Gas ‘N Go fuel center. Location Northside Plaza is ideally-situated within the Dalton market, at the intersection of N Dalton Bypass (US-76/US-41/GA-52) and Cleveland Hwy (GA-71). N Dalton Bypass serves as the city’s primary traffic loop, extending from I-75 on the north side of the city to I-75 on the south side of the city; while Cleveland Hwy runs north and south, through the heart of Downtown Dalton. Together, the roads enable Northside Plaza to conveniently capture a major portion of the city’s consumer trade area population, notable benefitting the tenants at the Property. Northside Shopping Center is located roughly 30 miles southeast of Chattanooga and 90 miles northwest of Atlanta in Dalton, GA. Situated in Whitfield County and nestled in the foothills of the Blue Ridge Mountains, Dalton is easily accessible via Interstate 75. The county seat for Whitfield County and principal city within the Dalton, GA MSA, Dalton is known as the Carpet Capital of the World. Many of the world’s carpet and flooring manufacturers have major installations in Dalton, serving as a major cog in the city’s economic engine. Given its strategic location, just off Interstate 75 in norther Georgia, Dalton has become a hub for manufacturing and distribution. With a major concentration of carpet and flooring manufacturers located within the city, the agglomeration of the industry in Dalton dates back to 1895. Today, more than 90% of the world’s functional carpet is produced within a 65-mile radius of the city. Over 150 carpet plants are currently operating in the city, employing more than 30,000 people in Whitfield County. Notable Fortune 500 manufacturers include Shaw, Mohawk, and Beaulieu Group.