Marcus & Millichap Brokers $16M Sale of Retail Property in Miami Net-Leased to CVS

Marcus & Millichap Brokers $16M Sale of Retail Property in Miami Net-Leased to CVS

MIAMI — Marcus & Millichap has brokered the $16 million sale of a freestanding CVS/pharmacy-occupied retail property located in Miami. The 14,989-square-foot building is situated on a 2.4-acre parcel, a portion of which is subleased to Wendy’s. Ronnie Issenberg, Gabriel Britti, Ricardo Esteves and Kevin O’Hanlon of Marcus & Millichap represented the sellers, an entity […]

Just Closed! Checkers Drive Thru Restaurant in Pompano Beach, Florida

Just Closed! Checkers Drive Thru Restaurant in Pompano Beach, Florida

Investment Highlights: ■ Checkers Restaurant Drive In with Corporate Guaranteed Lease ■ Excellent Exposure: Traffic Counts Exceeding 56,500 Vehicles Per Day ■ Pompano Beach is Centrally Located Between Miami and Palm Beach County (33 Miles from Each) ■ Dense Population: More than 19,000 People in a 1-Mile Radius and 320,000 People in a 5-Mile Radius […]

Steps away from Ocean Drive, Walgreens property in Miami Beach sells for $33 million

Steps away from Ocean Drive, Walgreens property in Miami Beach sells for $33 million

A high-profile property on the corner of Collins Avenue and Fifth Streets in Miami Beach has sold for $33 million, just slightly above its 2014 sales price, according to brokerage Marcus & Millichap. The seller, D & R Design District LLC, registered under real estate investor Sam Herzberg, purchased the commercial property at 509 Collins Ave. for […]

KNOXVILLE – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, has announced the sale of a newly constructed Wendy’s. The sale consists of a 2,388 SF restaurant on a large 1.2 acre pad, net-leased property located in Knoxville, according to Scott Lunine, […]

Just Closed! Walgreens NNN Lease

Just Closed! Walgreens NNN Lease

Investment Highlights: ■ Walgreens Corporate Guarantee (NYSE: WBA) – Investment Grade Tenant (S&P BBB) ■ More than 15 Years Remaining on Absolute NNN Lease ■ Absolute NNN – Zero Landlord Responsibility ■ Located on Highly Visible Signalized Corner ■ Fee Simple Allowing for Depreciation ■ Exposure to more than 20,000 Vehicles Per Day ■ Relocation […]