HUNTSVILLE, AL-– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Popeyes, a 2,365-square foot single-tenant net-leased property located in Huntsville, Alabama, according to Bryn D. Merrey, Regional Manager of the firm’s Tampa office.
The asset commanded a sales price of $1,110,000.
John E Brigel, (top right photo) Senior Associate in Marcus & Millichap’s Tampa office and Edwin Greenhalgh, the firm’s Alabama Broker and investment specialist in the firm’s Birmingham, Alabama office had the exclusive listing to market the property on behalf of the seller, a partnership.
“This was an excellent transaction for both buyer and seller. The buyer was able to acquire a ‘Top 1% Performer’ out of 1,559 stores nationwide and I was able to obtain an excellent price for the franchisee—a win/win of the first order”, states Brigel.
Popeyes is located at 3820 University Drive North West in high-growth Huntsville, Alabama.
Press Contact: Bryn D. Merrey, Regional Manager, Tampa, (813) 387-4700
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