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| Arby's, 3330 Southeast Federal Highway, Stuart, FL |
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| Marc E. Strauss |
STUART, FL, June 10, 2015 – 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 Arby's, a 3,706-square foot,
triple-net-leased property located in Stuart, Fla, according to Ryan Nee,
regional manager of the firm’s Fort Lauderdale office. The asset sold for
$1,475,000 equating to $398 per square foot.
Marc E. Strauss, first vice president investments,
and Alexander N. Boettcher, an
associate, in Marcus & Millichap’s Fort Lauderdale office, had the
exclusive listing to market the property on behalf of the seller, an
individual/personal trust from San Diego, Calif., and the buyer, a limited
liability company from Miami.
“Investors remain interested in fast-food listings. The
passive nature of the investment class and properties with excellent locations
are among the most secure real estate offerings available,” says Strauss. “This
particular property benefits from its location as an out-parcel of a Publix
shopping center with excellent ingress and egress.”
The 3,706-square foot Arby’s sits on a 0.87 acre lot. Located at 3330 SE Federal Highway in Stuart,
Fla, the property is situated along a dense retail corridor with notable
national tenants such as Publix, Bealls, Dollar Tree, Lowe's, Home Depot and
Walmart.
For a complete copy of
the company’s news release, please contact:
Ryan Nee
Regional Manager
Fort Lauderdale, FL
(954) 245-3400
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