Marcus & Millichap negotiated the sale of a brand-new construction, 15-year fee simple 7-Eleven, a 3,500-square foot net-leased property located in Lake Alfred, according to Ryan Nee, regional manager of the firm’s Miami office. The asset sold for $6,022,000. Gabriel Britti and Ronnie Issenberg, investment specialists in Marcus & Millichap’s Miami office, along with Kevin O’Hanlon, investment specialist with Marcus & Millichap’s Boston office had the exclusive listing to market the property on behalf of the seller, a limited liability company.
“There were numerous all cash offers on the deal, showing the strong demand for Florida, credit tenant, absolute, net-lease single tenant investments especial service stations with accelerated depreciation,” said Issenberg.
“Florida is experiencing monumental population growth which is evident through the numerous new communities popping up near this site and throughout the state” added Britti.
“7-Eleven continues to thrive throughout the pandemic leaving most investors in the net leased space wanting to add this low-risk tenant to their portfolio,” said O’Hanlon.
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