NORTH PORT, Fla., February 5, 2020 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Taco Bell/ KFC, a 2,847-square foot net-leased property located in North Port, Fla., according to Chris Travis, regional manager of the firm’s Tampa office. The asset sold for $2,581,400.
Jim Shiebler, James Garner and James Medefind, investment specialists in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor.
“Our team drove a total of 6 offers for the property creating a true competitive environment which enabled us to close for 98% of list price. We selected an all cash buyer sourced from New Jersey who appreciated the iconic brand and high growth corridor,” stated Mr. Shiebler.
Taco Bell/ KFC is located at 14912 Tamiami Trail in North Port, Fla. The property is located on the “Miracle Mile” in the epicenter of North Port’s major retail corridor. This Taco Bell/KFC is situated across the street from Lowe’s and within a ½ mile of Walmart, Home Depot, Hobby Lobby, Dick’s, TJ Maxx and Ross. It is also just minutes from the brand new $200 MM Spring Training Baseball Stadium and compound for the Atlanta Braves.
About Marcus & Millichap (NYSE: MMI)
With nearly 2000 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 9,472 transactions in 2018 with a value of approximately $46.4 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.