Stan Johnson Company Arranges Sale of Single-Tenant Retail Property in North Georgia

T-Mobile in Cleveland, GA

Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of a brand new freestanding retail property located at 401 South Main Street in Cleveland, Georgia. The 2,800-square-foot property is fully leased to T-Mobile. The asset sold for $1.8 million to a private investor based in Suwanee, Georgia represented by Doug Clyburn and Julie Clyburn of Stan Johnson Company. The seller was an Alabama-based developer. 

“We were happy to represent one of our repeat clients in the purchase of this newly constructed property,” said Doug Clyburn, Associate Director in Stan Johnson Company’s Alpharetta, Georgia office. “The buyer was looking for a solid investment with little or no management responsibilities, and this new T-Mobile location checked all the boxes.” 

Located on the city’s main retail corridor, the store neighbors national retailers including Walmart, Taco Bell, McDonald’s, Tractor Supply, AutoZone, and many more. Additionally, the brand new property is located just across the street from the proposed 37,000-square-foot City of Cleveland Municipal Complex which will soon house city hall, fire, police and a community center. 

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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.