TAMPA, FL, June 13, 2011 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of a Rite Aid Pharmacy (top left photo), a 14,673-square foot, triple-net leased property in Toccoa, Ga, according to Bryn Merrey, Vice President/Regional Manager of the firm’s Tampa office. Senior Vice President Investments Lori Schneider of the firm’s Fort Lauderdale office represented the seller of the property, a limited liability company from Alpharetta, Ga. Senior Associate John E. (Jay) Brigel of the firm’s Tampa office secured the buyer of the property, a private investor from Whitestone, NY.
The property is a new construction with a 20-year absolute net-lease with six five-year options. Rite Aid is located in a main retail corridor on the southwest corner of Big A Road and Skyline Drive in Toccoa, Ga.
Press Contact: Bryn D. Merrey, Regional Manager, Tampa, (813) 387-4700
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