CLERMONT, FL, April 28, 2016 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Wendy’s, a 3,048-square foot net-leased property located in Clermont, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $2,000,000.
Moe Derbala, senior associate in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor.
Wendy’s is located at 850 East Highway 50 in Clermont, Florida, and has an absolute triple-net lease with 16 years remaining. The city is essentially residential in character and its economy is primarily tourist-driven with plenty of retail trade and lodging establishments. As of 2014, the population in the area was 69,050, a tremendous growth percentage of 117.42 percent since 2000. The property is located 30 miles east of the heart of Orlando, and is conveniently accessible to Orlando via Florida Highway 50.
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About Marcus & Millichap (NYSE: MMI)
With over 1,600 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 8,700 transactions in 2015 with a value of approximately $37.8 billion. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com