Marcus & Millichap Arranges Sale of Brand-New Taco Bell Location in Florida

INTERLACHEN, Fla., Sept. 24, 2024 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a net-leased Taco Bell location in Interlachen, Florida. The property sold for $2,275,000.

"This property is a strong absolute net leased property to complete our client's 1031 exchange and serve as a long-term passive investment," said Jeff Rowlett, senior managing director investments.

Rowlett, Mark Peltin, Blake Hanlon and Dylan Gamble, investment specialists in Marcus & Millichap's Milwaukee office, procured the buyer, Bellebrooke Properties 4, LLC. Ryan Nee, Broker of Record in Florida, assisted in closing the transaction.

Built in 2024, Taco Bell is located on 1.36 acres at 1133 FL-20. The 2,300-square-foot property is situated near Hitchcock's Market and Interlachen High School, along with national retailers such as CVS Pharmacy, Dollar Tree and Mcdonald's.

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About Marcus & Millichap, Inc. (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2023, the company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.