June 30, 2017 – Brian Ahrens and Peter Butler of Horvath & Tremblay have successfully completed the sale of the Hamilton Mill Shopping Center in Buford, Georgia. Horvath & Tremblay procured the 1031 exchange buyer to close the property at a sale price of $3,084,000, a 6.75% cap rate.
Hamilton Mill Shopping Center is a junior anchored center tenanted by a strong mix of national and regional tenants including: ChoiceOne Urgent Care, T-Mobile, and Choice One Dental Care. The leases are structured as triple net with scheduled rental escalations throughout the lease term and option periods. The property is located of off Hamilton Mill Road and Sardis Road with high visibility and strong traffic counts. The shopping center is an outparcel to Walmart Supercenter and shares inter-parcel access with Walmart Supercenter, Hardee’s, and Verizon. Additional tenants in the nearby area include: Home Depot, Publix, Kohl’s, Regal Cinemas, Petco McDonald’s, CVS, O’Reilly Auto Parts, and Chick-Fil-A. The property benefits from its close proximity to the Mall of Georgia – the largest mall in Georgia, with more than 200 stores on three levels. A major tourist attraction and super-regional shopping hub, the Mall of Georgia is visited by 14 million shoppers each year.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.