Sunday, December 27, 2015

Marcus & Millichap Brokers $4.18 Million Sale of Golden Corral Restaurant Site in Pompano Beach, FL

Golden Corral Restaurant, 2100 West Atlantic Boulevard, Pompano Beach, FL

POMPANO BEACH, FL – 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 Golden Corral, an 11,035-square foot net-leased property located in Pompano Beach, Fla. The asset sold for $4,178,917.

Scott C. Sandelin
Scott C. Sandelin, a vice president investments in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, a private investor from Aventura, Fla.  

The buyer, a limited liability company from Aventura, Fla., was secured and represented by Adam J. Tiktin, a first vice president investments, and Debra Franklin, an associate, also in Marcus & Millichap’s Miami office.

“This was an opportunity to purchase a strong performing asset with 13 years remaining on an absolute triple-net lease,” says Tiktin.   “The operator is the fourth largest restaurant franchisee in the U.S. and the largest Golden Corral franchisee.”

“We received multiple offers and closed less than three months from bringing it to market for just under list price,” adds Sandelin.

The 11,035-square foot restaurant was built in 2005 and is situated on a 1.8 acre lot. Golden Corral is located at 2100 W. Atlantic Blvd. on a signalized intersection. It is an out-parcel to Wal-Mart Supercenter and is surrounded by national tenants.

For a complete copy of the company’s news release, please contact:

Kirk A. Felici
First Vice President/District Manager
 Miami, FL

(786) 522-7000

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