Shopping Strip

Hamilton Mill Crossings

Listing Price: $3,990,000

Cap Rate
6.49%
Gross SF
11,722
Rentable SF
11,722
Price/Gross SF
$340.39
Lot Size
1.80 acres
Year Built
2008

Investment Overview

Hamilton Mill Crossings is a trophy, 2008 construction - 11,722 square foot shopping center located within the burgeoning and affluent community known as Hamilton Mill (northeast Atlanta MSA). The center is just off I-85 and ideally positioned at a dominant area intersection that also serves as the primary entrance to Walmart Supercenter. This intersection has a combined average daily traffic count of approximately 40,000+/- vehicles.

The tenant roster is featured by Starbucks, which just recently executed a new 10 year lease in 2019 as well as Prime Communications (AT&T's largest corporate retailer), which just recently extended their lease. The property is shadow anchored by a Walmart Supercenter and surrounded by most other newly established national retailers in this highly trafficked retail corridor. The center was built in 2008 and has been well maintained with zero visible deferred maintenance. The immediate sub-market has a very low vacancy rate of 3.8 % with market rental rates for premiere inline shop space retail achieving mid to high $20/sf

Investment Highlights

  • Dominant Area Intersection - Combined ADT of 40k+/- | Adjacent to I-85
  • Explosive Population Growth In Immediate Area | Very Low Sub-Market Vacancy at 3.8%
  • Trophy Starbucks Anchored Retail Center w/Drive Thru | 10 Year Lease Signed in 2019
  • Positioned at Entrance to Walmart Supercenter | Hard Corner - High Visibility
  • 2008 Construction | Excellent Curb Appeal - Well Maintained | Ease of Management
  • Affluent Atlanta MSA Suburb | Average HHI - $104k w/in 1M | Major Retail Trade Area

Exclusively Listed By

  • Marc Irvin

    First Vice President Investments

    (678) 808-2725

    Email Marc

    License(s): GA: 348971

    Atlanta

  • Matthew Welch

    Associate

    Email Matthew

    License(s): FL: SL 3246912, GA: 358728

    Atlanta

Listing Price: $3,990,000

Cap Rate
6.49%
Gross SF
11,722
Rentable SF
11,722
Price/Gross SF
$340.39
Lot Size
1.80 acres
Year Built
2008

Investment Highlights

  • Dominant Area Intersection - Combined ADT of 40k+/- | Adjacent to I-85
  • Explosive Population Growth In Immediate Area | Very Low Sub-Market Vacancy at 3.8%
  • Trophy Starbucks Anchored Retail Center w/Drive Thru | 10 Year Lease Signed in 2019
  • Positioned at Entrance to Walmart Supercenter | Hard Corner - High Visibility
  • 2008 Construction | Excellent Curb Appeal - Well Maintained | Ease of Management
  • Affluent Atlanta MSA Suburb | Average HHI - $104k w/in 1M | Major Retail Trade Area

Investment Overview

Hamilton Mill Crossings is a trophy, 2008 construction - 11,722 square foot shopping center located within the burgeoning and affluent community known as Hamilton Mill (northeast Atlanta MSA). The center is just off I-85 and ideally positioned at a dominant area intersection that also serves as the primary entrance to Walmart Supercenter. This intersection has a combined average daily traffic count of approximately 40,000+/- vehicles.

The tenant roster is featured by Starbucks, which just recently executed a new 10 year lease in 2019 as well as Prime Communications (AT&T's largest corporate retailer), which just recently extended their lease. The property is shadow anchored by a Walmart Supercenter and surrounded by most other newly established national retailers in this highly trafficked retail corridor. The center was built in 2008 and has been well maintained with zero visible deferred maintenance. The immediate sub-market has a very low vacancy rate of 3.8 % with market rental rates for premiere inline shop space retail achieving mid to high $20/sf

Exclusively Listed By

  • Marc Irvin

    First Vice President Investments

    (678) 808-2725

    Email Marc

    License(s): GA: 348971

    Atlanta

  • Matthew Welch

    Associate

    Email Matthew

    License(s): FL: SL 3246912, GA: 358728

    Atlanta

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