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 […]
Consolidated Tomoka has sold a 10,430-square-foot CVS Pharmacy in downtown Dallas. Marcus & Millichap represented the seller and procured the buyer, a Florida-based 1031 exchange investor. Delivered in 2016, the property is immediately adjacent to three residential high-rises. Located at 2501 N. Field St., the pharmacy is less than 4 miles away from Children’s Medical Center […]
LIVE OAK, TEXAS — Marcus & Millichap has brokered the sale of a 2,194-square-foot freestanding retail building in the San Antonio suburb of Live Oak that is net leased to Take 5 Oil Change. Vincent Knipp and Blake Burnett of Marcus & Millichap represented the seller in the transaction. Gabriel Britti and Ronnie Issenberg, also […]
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, […]
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 […]
Investment Highlights: ■ Rare Corporate Guaranteed Checkers Drive Thru Restaurant Long Term Lease ■ Excellent Intrinsic Value | Large .97 Acre Parcel of Land with Access Points on Little Road and State Road 52 ■ Excellent Visibility | Traffic Counts Exceeding 79,000 Vehicles Per Day ■ Tenant Extended Lease for 15 Years Showing Strong Commitment […]
Investment Highlights: ■ Wendy’s 20-Year NNN Lease with 7.5% Increases in Rent Every 5 Years ■ Recently Remodeled Restaurant with Drive Thru ■ Across the Street from Baptist Memorial Hospital ■ Directly off the Highway 30 Exit of Interstate 22 (Strong Traffic and Excellent Exposure) ■ Numerous national retailers surround this Wendy’s including Walgreens, WalMart, […]
Investment Overview: Marcus & Millichap is pleased to present for sale this freestanding, single-tenant 7-Eleven located in Venice, Florida. Venice is an affluent area 18 miles south of Sarasota that is situated along the coast of the Gulf of Mexico. The fee simple lease, backed by 7-Eleven Corporate, will have a 15-year lease with 10 […]
Investment Overview: Marcus & Millichap is pleased to present for sale this freestanding, single-tenant 7-Eleven located in Wildwood, Florida. Wildwood is in Sumter County located 51 miles northwest of Orlando, and 75 miles northeast of Tampa. The fee simple lease, backed by 7-Eleven Corporate, will have a 15-year lease with 10 percent increases in rent […]
Investment Highlights: ■ KFC Absolute NNN 15-Year Lease with 7.5% Increases Every 5 Years in the Base Term and Options ■ Fast Food Restaurant with Drive Thru Component Situated in between Stephen Hempstead High School and Hoover Elementary School ■ Nearby Loras College with Student Enrollment of 1,528 Students ■ Dubuque is the Main Commercial, […]
