First Vice President

Jeff Enck is a seasoned First Vice President at Matthews Real Estate Investment Services™, bringing more than 20 years of expertise in retail investment sales. Over his 25-year career, he has built a strong reputation through consistent industry success, completing hundreds of transactions for some of the most recognized names in real estate. Before joining Matthews™, Jeff served as Senior Vice President at SRS Real Estate Partners, where he launched a new service line focused on the sale of unanchored retail properties, expanding SRS’ capital markets offerings and demonstrating his dedication to maximizing client value. His industry knowledge and insights have also led him to be featured as a speaker and contributor in publications such as Shopping Center Business, Southeast Real Estate Business, CoStar, and the Databank Retail Symposium.

Location Amenities

A 5-tenant retail property anchored by 93% national credit retailers such as Petco, Aspen Dental, Verizon, and Mattress Firm. The center is strategically located just off I-75 in Dalton, Georgia—the state’s second-largest city in the northwest region, also known as the “Carpet Capital of the World.”Prime Location: Positioned adjacent to major retail draws including Walmart Supercenter, The Home Depot, Kohl’s, and Academy Sports.

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The property is fully occupied by a diverse group of service-focused tenants that generate steady daily traffic, averaging 17,822 monthly visits according to Alpha Map. A key value driver is the strong likelihood of securing a long-term lease extension with CVS, ensuring a reliable, credit-backed income stream. Recent upgrades, including a re-sealed and re-striped parking lot, have improved curb appeal, safety, and functionality. Additionally, there is potential to convert existing gross leases to NNN, which would enhance net operating income while reducing landlord responsibilities.

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High-Yield Investment Opportunity: Arrowhead II Shopping Center, fully leased, is being offered at an 8.00% cap rate, providing returns above market averages.”

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Value-Add Potential – Currently 80% occupied, Brainerd Market Center provides a unique opportunity to capture strong existing income while still offering meaningful upside.Diverse Tenant Mix – The property is home to a blend of national, regional, and local retailers, including Dollar Tree, Cato, and It’s Fashion.

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Attractive Cap Rate with Potential to Boost Returns to 10%: Provides a strong margin in the current interest rate climate.High Retail Occupancy: Retail assets within a one-mile radius boast 99.5% occupancy, underscoring strong tenant demand and limited available supply.

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3097 Flyer.pdf

This property presents a compelling value-add investment opportunity with substantial upside potential through both rental growth and operational improvements. Current in-place rents average approximately $14.49 per square foot gross, providing investors with the opportunity to increase revenue through strategic lease-up and repositioning efforts. Additional value may be unlocked by demising the existing end cap space, Suite 1, into multiple inline suites to improve tenant diversity and achieve higher blended rental rates. Existing tenants operate under modified gross leases with limited reimbursement structures, creating an opportunity to transition the property to full triple-net (NNN) leases and enhance net operating income while improving long-term cash flow stability. The asset also benefits from significant recent capital improvements completed in 2019, including a new façade, roof replacement, upgraded storefront systems, modernized entry features, fresh exterior paint, and resurfaced and restriped parking areas. Positioned along Deans Bridge Road with exposure to approximately 23,800 vehicles per day and located less than one mile from I-520, which carries an additional 78,300 vehicles daily, the property offers exceptional visibility and accessibility. Situated on approximately 0.58 acres across two parcels, the site also provides future flexibility for pad development, retail expansion, or redevelopment opportunities. The property is strategically located within a well-established retail corridor surrounded by major national retailers including Walmart Supercenter, Dollar Tree, Circle K, AutoZone, Family Dollar, Popeyes, and Pizza Hut, reinforcing the location’s strong consumer traffic and retail synergy.

Matthews Real Estate Investment Services

Commercial Brokers

Active Listings

Matthews Real Estate Investment Services - Commercial Real Estate Brokerage

Matthews Real Estate Investment Services

Commercial Brokers

Active Listings