Just Closed! Wendy’s in Gulf Breeze, Florida

Just Closed! Wendy’s in Gulf Breeze, Florida

Investment Highlights: ■ Wendy’s 20-Year Absolute NNN Lease with 7.5% Increases Every 5 Years in Rent ■ Fee Simple Lease Allowing for Depreciation ■ Complete Store Remodel Scheduled for 2022 ■ Gulf Breeze has the Highest Household Income in the Metropolitan Area | Average Household Income Exceeds $113,000 in a 3 Mile Radius ■ Located […]

Marcus & Millichap Arranges $3M Sale of Net-Leased Retail Property in St. Petersburg

Marcus & Millichap Arranges $3M Sale of Net-Leased Retail Property in St. Petersburg

Marcus & Millichap has negotiated the $2.5 million sale of a retail property net-leased to Walgreens Pharmacy in St. Petersburg. Located at 875 Dr M.L.K. Jr. St. N, the 14,208-square-foot property is subject to a long-term lease with Walgreens. Paul Bouldin of Marcus & Millichap’s Tampa office represented the seller, a partnership, in the transaction. […]