EAGLE LAKE, FL, Oct. 10, 2011 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Family Dollar (top left photo), a 9,180-square foot single-tenant, net-leased property located in Eagle Lake, Fla., according to Bryn D. Merrey, vice president and regional manager of the firm’s Tampa office. The asset commanded a sales price of $1,350,000.
Benjamin Berry and Michael J. Jaworski, retail specialists in Marcus & Millichap’s Tampa office had the exclusive listing to market the property on behalf of the seller, a Florida-based developer.
The buyer, a private investor from Palm Bay, Florida, was secured and represented by James Hoggatt, an investment specialist in Marcus & Millichap’s Jacksonville office.
This freestanding Family Dollar was built in 2009 and is located at 351 South 5th Street near the Lakeland/Orlando MSA.
“The market is on fire for Dollar Stores,” says Jaworski. “We were able to sell a double-net lease deal with only eight years remaining. That’s how strong the demand is for Dollar Stores these days,” added Jaworski.
Press Contact: Bryn D. Merrey, Vice President/Regional Manager, Tampa
(813) 387-4700
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