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Northmarq has brokered the sale of the Villages at Hamilton Mill shopping center in Dacula, GA, for the $4.5 million.

Northmarq Completes $5M Sale of Starbucks-Anchored Retail Center in Dacula

Full-service capital markets resource company Northmarq has brokered the $4.5-million sale of the Villages at Hamilton Mill, a 10,631-square-foot shopping center located at 2085 Hamilton Creek Parkway in Dacula, GA.

Billy Benedict of Northmarq represented the seller, a private investor based in Buford, GA. A Lawrenceville, GA-based 1031 exchange buyer acquired the asset reflecting a 5.56 percent cap rate.

“The Starbucks-anchored center generated significant interest as it checks most all the boxes for convenience multi-tenant retail investors,” said Benedict. “Additionally, there were several short-term tenants that provided future upside.”

The property was fully leased to eight tenants at the time of sale.

Villages at Hamilton Mill is situated at the pin-corner of the main intersection for the retail hub, which includes Home Depot, Regal Cinemas and Kohl’s. The property is positioned within half a mile of Interstate 85 and the Hamilton Mill Parkway interchange.


Inside The Story

Northmarq's Benedict

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition