Join Our Email List

x
By submitting, you're allowing YAFC Team to email you regarding available listings. You can unsubscribe anytime.

Submit Your 1031 Exchange Requirements

x

Hamilton Mill Shopping Center, Buford, GA

Hamilton Mill Shopping Center

GA, United States

Price $3,084,000
Cap Rate
NOI
Lease Term Various
Lease Type
Rental Increases Various
Year Built 2016
Building Size 7,660 SF
Lot Size 0.93 Acres (40,380 SF)
Status Sold
Lead Broker Information Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Investment Highlights

100% LEASED MULTI-TENANT SHOPPING CENTER
» 100% leased to strong national and regional tenants
» Scheduled rental increases, providing a hedge against inflation
» Multi-tenant shopping center offers investment diversification

HIGH-TRAFFIC LOCATION NEAR MAJOR RETAILERS
» Outparcel to Walmart Supercenter
» Excellent visibility and access to 33,445 vehicles per day on Hamilton Mill Road
» Immediate access to Interstate 85 – 85,200 AADT
» Close proximity to Georgia’s largest mall, with 14 million visitors per year

EXCELLENT LOCATION IN AFFLUENT, FAST-GROWING ATLANTA SUBMARKET
» Average household income exceeds $100,000 within a three-mile radius of the property
» Buford’s population has grown 12.4% since 2010 – three times faster than the national average
» Buford is growing faster than any other submarket in Gwinnett County

NEW 2016 CONSTRUCTION
» High-quality construction – masonry and stone facade
» New building, limiting near-term deferred maintenance or capital costs

Click Here to Download Offering Memorandum


Property Description

SOLD

The property is located just off of Hamilton Mill Road and Sardis Church Road, with 40,389 vehicles per day at the signalized intersection. Hamilton Mill Road provides immediate access to Interstate 85, which experiences a high traffic count of 85,200 vehicles per day. The property is outparcel to Walmart Supercenter and shares inter-parcel access with Walmart Supercenter, Hardee’s, and Verizon. Additional major tenants near the property 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, which is less than four miles away. The Mall of Georgia is 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. The mall is anchored by Dillard’s, Macy’s, JCPenney, Belk, and Von Maur, and it includes a 500-seat amphitheater and a 20-screen IMAX theater.

Since 2010, Buford has experienced a population growth rate three times the national average. Buford is growing faster than any other submarket in Gwinnett County, which has spurred a wave of new development in the area. Recent developments near the property include the neighboring Dunkin’ Donuts and Krystal locations, both of which were built in 2016. Arbor Terrace at Hamilton Mill, a large assisted living facility located approximately a mile from the property, was delivered in November 2015. Additionally, major developments are planned for the area. A new development near the Mall of Georgia recently received approval. The mixed-use development will feature 162,000 square feet of retail space, 76,000 square feet of offices, 541 apartments, 42 condominiums, and a 21-story hotel.

Contact Us About This Property

Mike & Scott Form
Sending
JOIN OUR
EMAIL LIST
SUBSCRIBE
Receive Our Latest Single and Multi-Tenant Listings
close-link