Marcus & Millichap (NYSE: MMI) has announced the sale of 7-Eleven, a 3,010-square-foot, net-leased convenience store on a large 1.8 acre parcel just off I-75 in Venice. The store sold for $6,513,026. Gabriel Britti, Kevin O'Hanlon and Ronnie Issenberg, investment specialists in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, an individual/personal trust, was secured and represented by Jerry Swon, investment specialist in Marcus & Millichap’s Manhattan office.
The property is a newly constructed 7-Eleven with a 15-year absolute net lease that opened days before the closing. It is located at 2751 N. River Road in Venice.