Stan Johnson Co. Brokers $3.1 Million Sale of Strip Center in North Georgia

by Julia Sanders

Cornelia, Ga. — Stan Johnson Co. has brokered the sale of a multi-tenant retail strip center located at 216 Carpenters Cove Lane in Cornelia. The 6,668-square-foot center is leased to Starbucks Coffee, Cricket Wireless and Jersey Mike’s Subs. Billy Benedict of Stan Johnson Co. represented the seller, a Florida-based investor group. Newburger-Andes acquired the property for $3.1 million. Built in 2019 on a 1.3-acre parcel, the center has direct frontage to U.S. Highway 441 South. At the time of sale, there was one available suite totaling 1,750 square feet that a variety of national tenants were considering. The property is an outparcel to a Lowe’s Home Improvement store and is located approximately 70 miles northeast of downtown Atlanta.

You may also like