CLERMONT, FLA., July 1, 2011 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Wendy's (top left photo), a 3,048-square foot single-tenant net-leased property located in Clermont, Fla., according to Bryn D. Merrey, Regional Manager of the firm’s Tampa office. The asset commanded a sales price of $1,307,000.
Peter Nisbet (middle right photo), Vice President Investments and a Senior Director of the National Retail Group in Marcus & Millichap’s Seattle office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.
Moe Derbala, a Retail Specialist in the firm’s Tampa office secured and represented the buyer, a private investor based out of Dunedin, Florida.
Wendy's was built in 1985 and is located at 850 East Highway 50. This area is full of large and small lakes and is considered by some to be called Lake Land. The surrounding businesses and establishments include Green Valley Country Club, Church of Jesus, Gateway Church of Clermont, J Concepts and Howard Fertilizer & Chemical.
Press Contact: Bryn D. Merrey, Regional Manager, Tampa, (813) 387-4700
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