Stan Johnson Company Arranges Off-Market Purchase of Dawsonville, Georgia Shopping Center

Dawsonville - GA

Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of Dawson Forest Shopping Center. The 10,100-square-foot unanchored shopping center is located at 802 Georgia Highway 400 South in Dawsonville, Georgia. The property features three suites and was 72 percent occupied at the time of sale. Stan Johnson Company’s Doug Clyburn and Julie Clyburn represented the private Atlanta, Georgia-based buyer. The locally based owner sold the asset for approximately $1.7 million reflecting a 6.16 percent cap rate.

“We sourced this off-market property for our client, a dental group, looking for a multi-tenant center in Dawsonville to open another office,” said Doug Clyburn, Associate Director in Stan Johnson Company’s Alpharetta, Georgia office. “The center had one endcap vacancy which suited our client’s needs, and we were able to complete the transaction with the local owner.”

Dawson Forest Shopping Center is situated on a 1.22-acre parcel near the heavily trafficked North Georgia Premium Outlets just one hour north of Atlanta. The site is adjacent to major retailers including Marshalls, Ross Dress For Less and Hobby Lobby, among others. The center was originally built in 1998 and was renovated in 2018.

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About Stan Johnson Company:

Stan Johnson Company is one of the nation’s leading commercial real estate brokerage and advisory firms that focuses on investment sales transactions involving retail, office, industrial, healthcare, and specialty properties. The firm and its affiliates provide acquisition, disposition, sale leaseback, capital markets, and advisory services for institutions, developers, investment funds, corporate occupiers, and private investors across the United States. With a historic focus in the single-tenant net lease sector, Stan Johnson Company is now in its fourth decade of operation and has expanded its service platform in order to better serve its valued clients. The firm has completed more than $45 billion in transactions nationwide and continues to be regarded as the Net Lease Authority® as it focuses on continued growth and expansion into other industry sectors and services.