SOLDRetail
Robert H. Ledbetter, Jr. Of Ledbetter Properties Acquires Retail Asset In Dalton For $18.2M
1308 West Walnut Avenue
$18,200,000
$142/SF
Building Size
127,391 SF
Asset Type
Retail
Closing
Oct 20, 2026
About this deal
AI
The property asset involved in the transaction is Walnut Square, a grocery-anchored shopping center located at 1308 West Walnut Avenue in Dalton, Georgia. The shopping center spans approximately 127,391 square feet and was 99% leased at the time of sale, with a transaction value of $18,200,000, translating to a price per square foot of $143.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $18,200,000
- Address: 1308 West Walnut Avenue, Dalton, GA
- Square Footage: 127,391
- Price Per Square Foot: $143
- Buyer: Robert H. Ledbetter, Jr. - Ledbetter Properties
- Seller: Ron Johnston - Net Lease Alliance
- Brokers: Matt Austin, Fred Victor, Sam Koonce & Teddy Driscoll - Atlantic Retail
Fred Victor, Sam Koonce, Teddy Driscoll, and Matt Austin from Atlantic Capital represented the seller, Net Lease Alliance, in this transaction. The sale was negotiated by Atlantic Capital Partners, showcasing their involvement in facilitating the acquisition by Ledbetter Properties from an affiliate of Net Lease Alliance.
On the Map
$18,200,000
$142/SF
Retail
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Players
Chaptico Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.87%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93