Atlanta, Georgia (January 15, 2021) – Hendon Properties listed and successfully closed on sale of a Starbucks & MOD Pizza outparcel in Dawsonville, Georgia.
Originally constructed in 2017, the dual tenant building consists of 5,436 sf on 1.27 acres. This parcel is part of the 2016 Dawson Marketplace development curated and built by Hendon Properties, which includes 500,000+ sf in big box retail, quick serve restaurants, and community services.
The property benefits from excellent traffic counts along Georgia Highway 400 with 31,005 vehicles per day. Surrounding traffic generators include the North Georgia Premium Outlets, which welcomes 7 MM visitors per year. Average income of $94,000 in trade area with an explosive submarket growth of 8.3% projected population growth.
Franklin Street Real Estate Services (Atlanta) sourced local private 1031 Exchange Buyer.