Tuesday, May 17, 2016

$2 Million Sale of Wendy’s Site in Clermont, FL Brokered by Marcus & Millichap

Moe Derbala
CLERMONT, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Wendy's, a 3,048-square foot net-leased property located in Clermont, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $2,000,000.

Moe Derbala, senior associate in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor. 

Wendy's is located at 850 East Highway 50 in Clermont, Florida, and has an absolute triple-net lease with 16 years remaining. The city is essentially residential in character and its economy is primarily tourist-driven with plenty of retail trade and lodging establishments.

 As of 2014, the population in the area was 69,050, a tremendous growth percentage of 117.42 percent since 2000. The property is located 30 miles east of the heart of Orlando, and is conveniently accessible to Orlando via Florida Highway 50.

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

Richard D. Matricaria
First Vice President / Regional Manager, Tampa

(813) 387-4700

No comments: