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Hendon Properties Acquires Sandy Plains Village Retail Center In Roswell For $25M

Property Image
SOLD
$25,000,000

Georgia

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Retail174,175 SF
Sold 07/31/2025
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Property Image
SOLD

Hendon Properties Acquires Sandy Plains Village Retail Center In Roswell For $25M

4708 Sandy Plains Road Northeast

See Similar Deals
Retail174,175 SF
Sold 07/31/2025
Contact now

Summary

GEORGIA
Asset Type:Retail
Price Per Square Foot:$143
Total Square Footage:174,175 SF
Transaction Type:Sale

The transaction involved a retail property located at 4708 Sandy Plains Road Northeast in Roswell, GA. The sale price for the asset was $25,000,000, and the property encompasses a total of 174,175 square feet, translating to a price per square foot of $144. The retail center is anchored by Painted Tree Boutiques, Movie Tavern, and Dollar Tree.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $25,000,000
  • Square Footage: 174,175
  • Price Per Square Foot: $144
  • Buyer: Hendon Properties
  • Seller: SITE Centers Corp
  • Brokerage Firm: Matthews Real Estate Investment Services
  • Brokers: Kyle Stonis, Pierce Mayson & Boris Shilkrot

Matthew Real Estate Investment Services facilitated the transaction, representing the interests of both the buyer and the seller in this significant retail center sale. The deal underscores the active investment landscape in the Roswell market, highlighting key players in retail property transactions.

Players

Kyle Stonis
17 deals$235.4M volume(770) 329-5065
BROKER

Pierce Mayson
Matthews
18 deals$242.4M volume(770) 241-2232
BROKER

Boris Shilkrot
Matthews
3 deals$71.5M volume(205) 561-8744
BROKER

Matthews
BROKERAGE

Details

SOLD
IMAGE: 07/31/2025 ADDRESS: 4708 Sandy Plains Road Northeast MARKET: Roswell, GA ASSET TYPE: Retail BUYER: Hendon Properties SELLER: SITE Centers Corp BROKERS: Kyle Stonis, Pierce Mayson & Boris Shilkrot - Matthews Real Estate Investment Services SALE PRICE: $25,000,000 SF: 174,175 ~ PPSF: $144 NOTE: Matthews Real Estate brokered the $25M sale of Sandy Plains Village, a 174K SF retail center in Roswell, Georgia, anchored by Painted Tree Boutiques, Movie Tavern, and Dollar Tree.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,333,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$88,819.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$118,512.75
Annual Debt Service$1,422,153.05