January 5, 2018 – Kyle Danielson of Horvath & Tremblay has successfully completed the sale of the Publix Supermarket and retail center in Gainesville, Georgia. Horvath & Tremblay exclusively represented the seller and procured the buyer to close the property for a sale price of $3,225,000.
Publix Supermarket and the adjacent retail center are set on a 3.68 acre site and contain a combined 35,887 gross leasable square feet. The Publix Supermarket, which represents 77.7% of the GLA (27,887 square feet), operates on a ground lease with 8+ years of term remaining with an additional five, 5-year automatic renewal options. Adjacent to the Public Supermarket is the 8,000 square foot Retail Center which is 100% leased to four tenants. The two buildings are part of “The Village” shopping plaza on Thompson Bridge Road. Additional tenants attracting consumers to the area include: AutoZone, Dunkin’ Donuts, Dollar General, Subway, Burger King, Pizza Hut, Starbucks, Taco Bell and Walmart.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.