Marcus & Millichap Arranges $2.6 Million Sale of Taco Bell’s Net-Leased Site in Fort Myers, FL

James Medefind

FORT MYERS, FL, July 18, 2017- Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Taco Bell, a 2,939-square foot net-leased property located in Fort Myers, Florida, according to Ari Ravi, regional manager of the firm's Tampa office. The asset sold for $2,600,000.

James Medefind and Jim Shiebler, investment specialists in Marcus & Millichap's Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor.

With Medefind's and Shiebler's efforts, coupled with Marcus & Millichap's extensive marketing platform, ensured that the property sold at the highest potential strike price. 

"We generated five offers for the property in a relatively short listing period,” says Shiebler. "Ultimately, an international investor from South America was selected who appreciated the numerous valuable property drivers. 

"Additionally, the submarket's regentrification efforts and the country's leading migration levels were also key factors in the investor's decision to select this Southwest Florida net leased property." 

Located in the heart of a dense retail corridor, the property is operated by a regional powerhouse franchisee, Coastal QSR, one of Taco Bell's top 20 franchisees in the country, who has a proven 12 year successful operating history at the location.

Taco Bell is located at 3431 Cleveland Avenue in Fort Myers, Florida.

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

Ari Ravi

Regional Manager, Tampa

(813) 387-4700