Monday, July 6, 2020

Marcus & Millichap's Issenberg Britti Group Arranges $6.5 Million Sale of 7-Eleven Site in Venice, FL


Ronnie Issenberg

VENICE , FL, – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced 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
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.
 Kevin O'Hanlon

This was a newly constructed 7 Eleven with a 15 year absolute net lease that opened days before the closing. 

Jerry Swon
The property showed 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.


CONTACT:

Scott Lunine
Vice President 
Regional Manager, Miami
(786) 522-7000

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