654-670 Dawsonville Hwy
Gainesville, GA 30501
Westbrook Plaza · Local commercial Bien À vendre

CBRE’s National Retail Partners – Southeast is proud to present for sale Westbrook Plaza – a 49,880 SF, 96% leased community shopping center anchored by a proven Best Buy store, located in high-growth Gainesville, GA. Best Buy has operated at the location since 2006, has no other stores in 17 miles, and recently exercised a 5-year renewal option. Shop tenancy is seasoned and diversified with strong performance and compelling recent rent spreads.
The property is prominently positioned with signalized access on high-traffic Dawsonville Highway (32,500 VPD) within the primary regional retail node serving Gainesville and growing communities. Notable tenants within the retail concentration include among others Publix, Home Depot, HomeGoods, PetSmart, Walmart Supercenter, Dick’s Sporting Goods, Ross, and Marshalls. The pending mixed-use redevelopment of the enclosed 500,000 SF Lakeshore Mall (1 mile south) into 305,000 SF retail, 652 multi-family units, a boutique hotel and townhomes will only add to the location’s draw.
Westbrook Plaza’s trade area is rapidly growing; the 5-mile population has increased by 22% since 2010. The property benefits from its proximity to Lake Lanier, which has long been a tourist destination for residents of the Atlanta MSA and an attraction to drive surrounding residential growth. Simultaneously, the immediate surrounding trade area is extremely in-fill with major barriers to entry.
Westbrook Plaza offers investors a secure income stream with steady cash flow growth potential at an attractive basis that is well below replacement cost.