CAPE CORAL, Fla., July 25, 2018 – 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 7-Eleven, a 2,940-square foot net-leased property located in Cape Coral, Florida, according to Ari Ravi, regional manager of the firm’s Tampa office. The asset sold for $1,675,000.
The buyer, a private investor, was secured and represented by James Weldon and JamesMedefind, investment specialists in Marcus & Millichap’s Tampa office.
“The buyer for this 7-Eleven came from New Jersey and was attracted to the Southwest Florida market due to the explosive growth and demographics of the area. With 7-Eleven having such a strong credit rating in a burgeoning market, the buyer is confident in the long term tenancy of this location,” says Mr. Weldon.
This property is located in the growing area of southwest Florida. The tenant has eight years remaining on their triple-net lease. The demographics in this area are ideal for a successful operation contributing to fuel services. 7-Eleven is located at 1606 Skyline Blvd in Cape Coral, Fla.
# # #
About Marcus & Millichap (NYSE: MMI)
With over 1,800 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 9,000 transactions in 2017 with a value of approximately $42.2 billion. Marcus & Millichap 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