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.