VENICE , FL, July 6, 2020 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 7-Eleven, a 3,010 SF convenience store on a large 1.8 acre parcel just off I-75, net-leased property located in Venice , FL, according to Scott Lunine, Regional Manager of the firm’s Miami office. The asset sold for $6,513,026.
Gabriel Britti, Kevin O’Hanlon and Ronnie Issenberg, investment specialists in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, an individual/personal trust, was secured and represented by Jerry Swon, investment specialists in Marcus & Millichap’s Manhattan office.
This was a newly constructed 7 Eleven with a 15 year absolute net lease that opened days before the closing showing the strong interest of New York Investors seeking credit tenant, leased assets in Florida while taking advantage of the no-state income taxes, says Issenberg.
7-Eleven is located at 2751 N. River Road in Venice, FL.
About Marcus & Millichap (NYSE: MMI)
With over 2,000 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 9,726 transactions in 2019 with a value of approximately $50 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.