Press Releases
Marcus & Millichap Facilitates $5 Million Sale of NNN-Leased Retail Property
March 10, 2025
SUNRISE, Fla., Mar. 10, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the $5 million sale of a 7-Eleven gas station and convenience store, shadow-anchored by a Walmart Supercenter, in Sunrise, Florida.
“This is the second time this property has sold in 14 months,” said Ronie Issenberg, senior managing director. “The South Florida commercial real estate market, and particularly well-located, single-tenant, credit properties, continues to be highly sought after by investors.”
Issenberg, Gabriel Britti and Ricardo Esteves, investment specialists in Marcus & Millichap’s Miami office, represented the seller in the transaction, Ken Israel.
Located at 7795 W. Oakland Park Blvd., the 2,915-square-foot convenience store sits on a 1.11-acre parcel with easy access to major thoroughfares. The 7-Eleven is shadow-anchored by a Walmart Supercenter, which experiences more than 2 million visits per year and benefits from direct exposure to more than 44,000 vehicles per day on Oakland Park Boulevard. The location, which opened in 2001, operates 24 hours a day.
“This is the second time this property has sold in 14 months,” said Ronie Issenberg, senior managing director. “The South Florida commercial real estate market, and particularly well-located, single-tenant, credit properties, continues to be highly sought after by investors.”
Issenberg, Gabriel Britti and Ricardo Esteves, investment specialists in Marcus & Millichap’s Miami office, represented the seller in the transaction, Ken Israel.
Located at 7795 W. Oakland Park Blvd., the 2,915-square-foot convenience store sits on a 1.11-acre parcel with easy access to major thoroughfares. The 7-Eleven is shadow-anchored by a Walmart Supercenter, which experiences more than 2 million visits per year and benefits from direct exposure to more than 44,000 vehicles per day on Oakland Park Boulevard. The location, which opened in 2001, operates 24 hours a day.
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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, 2024, the company had 1,712 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 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
