Marcus & Millichap

Andrew Margulies

Overview



Andrew Margulies advises corporate, institutional, and private clients on the acquisition and disposition of shopping centers and net-leased properties with a specialty in the Southeast US.


Andrew joined Marcus & Millichap’s Downtown Chicago office in 2006 and within three years was named a Top Ten Agent for Multi-Tenant Retail within the firm.  Andrew is a native of Raleigh, North Carolina and was instrumental in the opening of Marcus & Millichap’s Raleigh office in 2008. In 2012, Andrew was promoted to Senior Associate.  In 2014, he was promoted to Associate Vice President of Investments and promoted again in 2015 to Vice President of Investments.  Andrew has received multiple National Achievement Awards, and he is a Senior Director in the firm’s National Retail Group and Net-Leased Properties Group.


During his tenure at Marcus & Millichap, Andrew has listed/sold commercial properties in more than 15 states.  Andrew excels at understanding and aligning with Landlords’ disposition goals and develops pricing evaluations and marketing strategies to help them achieve maximum values. In addition, Andrew creatively solves complex issues during contract negotiations and escrow management to ensure that transactions close in a timely manner.


Andrew is a graduate of Indiana University in Bloomington with an emphasis in Communications and Business. He is a member of the International Council of Shopping Centers, and he is a licensed Real Estate Broker in North Carolina and Illinois.

Raleigh
Andrew Margulies

Andrew Margulies

Vice President Investments
Tel: (312) 327-5481
Fax: (877) 533-6349

License:  NC  264059
License:  IL  475.147606

International Council of Shopping Centers

Director - Net Leased Properties Group
Senior Director - National Retail Group

Promoted to Associate in February, 2009
Promoted to Senior Associate in May, 2013
Promoted to Associate Vice President Investments in July, 2014
Promoted to Vice President Investments in July, 2015

Indiana University

National Achievement Award - 2016, 2014, 2013
Sales Recognition Award - 2016, 2015, 2014, 2013

Listed Properties

Transactions Closed

  • Market of Wake Forest

    Market of Wake Forest

    Shopping Neighborhood

    Wake Forest, NC
    Price: $11,450,000
    Size: 116,341 sqft
    Cap Rate: 8.44%

  • Pinecrest Pointe

    Pinecrest Pointe

    Shopping Strip

    Raleigh, NC
    Price: $7,000,000
    Size: 89,224 sqft
    Cap Rate: 9.53%

  • Hampton Pointe

    Hampton Pointe

    Shopping Strip

    Hillsborough, NC
    Price: $6,000,000
    Size: 38,253 sqft
    Cap Rate: 8.18%

  • Best Buy (NNN)

    Best Buy (NNN)

    Net Leased Electronics

    Lafayette, LA
    Price: $5,550,000
    Size: 45,000 sqft
    Cap Rate: 8.88%

  • Clayton Village

    Clayton Village

    Shopping Neighborhood

    Clayton, NC
    Price: $5,493,629
    Size: 61,620 sqft
    Cap Rate: 7.84%

  • The Shoppes at Azalea

    The Shoppes at Azalea

    Shopping Strip

    Summerville (Charleston), SC
    Price: $5,200,000
    Size: 11,996 sqft
    Cap Rate: 6.74%

  • Reedy Creek Plaza

    Reedy Creek Plaza

    Shopping Neighborhood

    CARY, NC
    Price: $4,680,000
    Size: 57,775 sqft
    Cap Rate: 8.92%

  • Walgrens - Rogers, MN

    Walgrens - Rogers, MN

    Net Leased Drug Store

    Rogers, MN
    Price: $4,600,000
    Size: 14,490 sqft
    Cap Rate: 6.30%

  • Scozio Festival Foods

    Scozio Festival Foods

    Net Leased Grocery Store

    Wexford, PA
    Price: $4,400,000
    Size: 50,198 sqft
    Cap Rate: 12.55%

  • Walgreens

    Walgreens

    Net Leased Drug Store

    Union, MO
    Price: $4,368,619
    Size: 14,820 sqft
    Cap Rate: 7.21%

  • JDE Center (Verizon + Shops)

    JDE Center (Verizon + Shops)

    Shopping Strip

    Lexington, SC
    Price: $4,250,000
    Size: 13,513 sqft
    Cap Rate: 9.01%

  • Freeman Center

    Freeman Center

    Shopping Strip

    Cary, NC
    Price: $4,140,000
    Size: 26,983 sqft
    Cap Rate: 7.24%

  • Hudson Corners

    Hudson Corners

    Shopping Neighborhood

    Gastonia, NC
    Price: $4,010,000
    Size: 37,368 sqft
    Cap Rate: 8.92%

  • Panera Bread | Mattress Firm

    Panera Bread | Mattress Firm

    Net Leased Miscellaneous

    Lexington, SC
    Price: $4,000,000
    Size: 8,700 sqft
    Cap Rate: 6.92%

  • Canova Shopping Center

    Canova Shopping Center

    Shopping Regional

    Conover, NC
    Price: $3,828,110
    Size: 152,794 sqft
    Cap Rate: 13.96%

  • Shoppes of Heritage

    Shoppes of Heritage

    Shopping Strip

    Wake Forest, NC
    Price: $3,620,000
    Size: 21,860 sqft
    Cap Rate: 9.43%

  • North Market Square

    North Market Square

    Shopping Strip

    Raleigh, NC
    Price: $3,500,000
    Size: 33,624 sqft
    Cap Rate: 9.82%

  • 127 King Street

    127 King Street

    Urban-High Street Retail

    Charleston, SC
    Price: $3,500,000
    Size: 5,850 sqft
    Cap Rate: 4.98%

  • Hooters 15 Year NNN Lease

    Hooters 15 Year NNN Lease

    Net Leased Restaurant

    Charlotte, NC
    Price: $3,325,000
    Size: 6,304 sqft
    Cap Rate: 5.86%

  • Touchstone Village

    Touchstone Village

    Shopping Neighborhood

    Charlotte, NC
    Price: $3,300,000
    Size: 51,802 sqft
    Cap Rate: 9.44%

  • Rivers Edge Shopping Center

    Rivers Edge Shopping Center

    Shopping Neighborhood

    Rocky Mount, NC
    Price: $3,250,000
    Size: 55,160 sqft
    Cap Rate: 8.08%

  • Sticky Fingers | Absolute NNN

    Sticky Fingers | Absolute NNN

    Net Leased Restaurant

    Myrtle Beach, SC
    Price: $3,241,000
    Size: 6,411 sqft
    Cap Rate: 7.48%

  • Rite Aid

    Rite Aid

    Retail Vacant/User

    Louisville, KY
    Price: $3,236,000
    Size: 11,480 sqft

  • Lake Wylie Plaza (Re-Position)

    Lake Wylie Plaza (Re-Position)

    Shopping Neighborhood

    Lake Wylie, SC
    Price: $3,174,559
    Size: 77,265 sqft
    Cap Rate: 9.68%

  • Shoppes at Bedford

    Shoppes at Bedford

    Shopping Strip

    Raleigh, NC
    Price: $3,150,000
    Size: 29,074 sqft
    Cap Rate: 9.72%

  • Dickerson Village

    Dickerson Village

    Shopping Strip

    Monroe, NC
    Price: $2,925,000
    Size: 20,440 sqft
    Cap Rate: 7.95%

  • Capital Bank

    Capital Bank

    Net Leased Bank

    Cary, NC
    Price: $2,900,000
    Size: 3,951 sqft
    Cap Rate: 8.58%

  • The Commons

    The Commons

    Shopping Strip

    Greenwood, SC
    Price: $2,750,000
    Size: 16,144 sqft
    Cap Rate: 8.08%

  • Wal-Mart Shadow

    Wal-Mart Shadow

    Shopping Strip

    Marion (Mullins), SC
    Price: $2,750,000
    Size: 23,920 sqft
    Cap Rate: 8.78%

  • National Tire & Battery

    National Tire & Battery

    Net Leased Auto Parts

    COLUMBUS, OH
    Price: $2,725,000
    Size: 12,051 sqft
    Cap Rate: 7.85%

  • HD Supply

    HD Supply

    Single-Tenant Industrial

    Morrisville (Raleigh MSA), NC
    Price: $2,650,000
    Size: 13,291 sqft
    Cap Rate: 6.42%

  • 616 Meeting St. (Redevelopment Site)

    616 Meeting St. (Redevelopment Site)

    Shopping Strip

    Charleston, SC
    Price: $2,610,000
    Size: 23,136 sqft
    Cap Rate: 2.97%

  • Washington Park Plaza

    Washington Park Plaza

    Shopping Strip

    Bartlesville, OK
    Price: $2,600,000
    Size: 15,558 sqft
    Cap Rate: 9.57%

  • Centrum Station

    Centrum Station

    Shopping Strip

    Cary, NC
    Price: $2,416,666
    Size: 18,001 sqft
    Cap Rate: 8.44%

  • Baker Automotive

    Baker Automotive

    Net Leased Auto Dealership

    Charleston, SC
    Price: $2,400,000
    Size: 10,925 sqft
    Cap Rate: 4.38%

  • Jack in the Box (Absolute NNN)

    Jack in the Box (Absolute NNN)

    Net Leased Restaurant

    Charlotte, NC
    Price: $2,350,000
    Size: 2,940 sqft
    Cap Rate: 7.11%

  • North Branch Shopping Center

    North Branch Shopping Center

    Shopping Strip

    Concord, NC
    Price: $2,300,000
    Size: 27,623 sqft
    Cap Rate: 7.43%

  • Burger King | Absolute NNN

    Burger King | Absolute NNN

    Net Leased Restaurant

    Winterville (Greenville), NC
    Price: $2,187,000
    Size: 3,208 sqft
    Cap Rate: 6.00%

  • Bojangles

    Bojangles

    Net Leased Restaurant

    Aiken, SC
    Price: $2,165,000
    Size: 3,808 sqft
    Cap Rate: 6.42%

  • National Tire & Battery

    National Tire & Battery

    Net Leased Auto Parts

    Reynoldsburg (Columbus MSA), OH
    Price: $2,155,000
    Size: 11,204 sqft
    Cap Rate: 7.84%

  • Cedarcrest Village

    Cedarcrest Village

    Shopping Strip

    Lexington, SC
    Price: $1,992,000
    Size: 14,300 sqft
    Cap Rate: 8.18%

  • Chili's Ground Lease

    Chili's Ground Lease

    Net Leased Restaurant

    Austin, TX
    Size: 5,800 sqft
    Cap Rate: 6.15%

  • Hope Valley Pointe

    Hope Valley Pointe

    Shopping Strip

    Durham, NC
    Price: $1,904,200
    Size: 13,446 sqft
    Cap Rate: 7.30%

  • Twin Creek Plaza (Leasehold Interest)

    Twin Creek Plaza (Leasehold Interest)

    Shopping Strip

    Shallotte, NC
    Price: $1,850,000
    Size: 58,320 sqft
    Cap Rate: 14.81%

  • Prosperity Drive Retail Center

    Prosperity Drive Retail Center

    Shopping Strip

    Henderson, NC
    Price: $1,850,000
    Size: 9,800 sqft
    Cap Rate: 8.28%

  • Dollar General (15-Yr NNN)

    Dollar General (15-Yr NNN)

    Net Leased Discount

    Burnsville, NC
    Price: $1,782,573
    Size: 9,100 sqft
    Cap Rate: 6.45%

  • NNN Taco Bell (19-Yrs Remaining)

    NNN Taco Bell (19-Yrs Remaining)

    Net Leased Restaurant

    Lexington (Columbia), SC
    Price: $1,754,000
    Size: 2,769 sqft
    Cap Rate: 7.85%

  • Talbots Retail Center

    Talbots Retail Center

    Shopping Strip

    Gastonia, NC
    Price: $1,730,000
    Size: 9,973 sqft
    Cap Rate: 8.95%

  • Dollar General

    Dollar General

    Land - Commercial

    Tucson, AZ
    Price: $1,721,244

  • Badcock Furniture Home and More

    Badcock Furniture Home and More

    Net Leased Miscellaneous

    Rocky Mount, NC
    Price: $1,650,000
    Size: 24,000 sqft
    Cap Rate: 10.13%

  • Greenwood Commons

    Greenwood Commons

    Shopping Strip

    Greenwood, SC
    Price: $1,550,000
    Size: 8,483 sqft
    Cap Rate: 7.88%

  • Dollar General (15-Year NNN)

    Dollar General (15-Year NNN)

    Net Leased Discount

    Madison (Greensboro MSA), NC
    Price: $1,472,123
    Size: 9,100 sqft
    Cap Rate: 6.60%

  • Chili's Ground Lease

    Chili's Ground Lease

    Net Leased Restaurant

    Statesville, NC
    Price: $1,400,000
    Size: 5,875 sqft
    Cap Rate: 7.61%

  • Dollar General (15 Year NNN)

    Dollar General (15 Year NNN)

    Net Leased Discount

    Nebo, NC
    Price: $1,356,450
    Size: 9,026 sqft
    Cap Rate: 6.50%

  • Dollar General (15-Year NNN)

    Dollar General (15-Year NNN)

    Net Leased Discount

    East Bend (Winston-Salem MSA), NC
    Price: $1,350,000
    Size: 9,100 sqft
    Cap Rate: 6.50%

  • Arby's - NNN Corporate Guarantee

    Arby's - NNN Corporate Guarantee

    Net Leased Restaurant

    Toledo, OH
    Price: $1,310,000
    Size: 3,200 sqft
    Cap Rate: 8.96%

  • Dollar General (15-Year NNN)

    Dollar General (15-Year NNN)

    Net Leased Discount

    Pinnacle (Winston-Salem MSA), NC
    Price: $1,305,000
    Size: 9,100 sqft
    Cap Rate: 6.50%

  • Dollar General (15-Year NNN)

    Dollar General (15-Year NNN)

    Net Leased Discount

    Mount Airy, NC
    Price: $1,257,300
    Size: 9,100 sqft
    Cap Rate: 6.50%

  • Dollar General (15-Year NNN)

    Dollar General (15-Year NNN)

    Net Leased Discount

    Taylorsville (Hickory-Lenoir), NC
    Price: $1,257,000
    Size: 9,100 sqft
    Cap Rate: 6.55%

  • Fortune Square (Value-Add)

    Fortune Square (Value-Add)

    Shopping Strip

    Columbia, SC
    Price: $1,250,000
    Size: 26,207 sqft
    Cap Rate: 9.13%

  • FastMed Urgent Care

    FastMed Urgent Care

    Single Tenant Office Medical

    Roanoke Rapids, NC
    Price: $1,225,000
    Size: 3,200 sqft
    Cap Rate: 7.42%

  • 5100 & 5108 Departure Drive

    5100 & 5108 Departure Drive

    Industrial Office Warehouse

    Raleigh, NC
    Price: $1,200,000
    Size: 15,571 sqft
    Cap Rate: 1.08%

  • Dollar General

    Dollar General

    Net Leased Auto Parts

    Marble, NC
    Price: $1,200,000
    Size: 9,014 sqft
    Cap Rate: 8.48%

  • Dollar General

    Dollar General

    Net Leased Discount

    Cordova, SC
    Price: $1,195,000
    Size: 9,100 sqft
    Cap Rate: 6.91%

  • Grand Plaza

    Grand Plaza

    Shopping Strip

    Myrtle Beach, SC
    Price: $1,163,000
    Size: 13,500 sqft
    Cap Rate: 11.17%

  • Sonic Drive-In Restaurant

    Sonic Drive-In Restaurant

    Net Leased Restaurant

    Wake Forest, NC
    Price: $1,155,000
    Size: 1,718 sqft
    Cap Rate: 7.53%

  • Verizon-Henderson, NC

    Verizon-Henderson, NC

    Net Leased Electronics

    Henderson, NC
    Price: $1,150,000
    Size: 4,661 sqft
    Cap Rate: 7.95%

  • Dollar General (15-Year NNN)

    Dollar General (15-Year NNN)

    Net Leased Discount

    Marion, NC
    Price: $1,141,940
    Size: 9,100 sqft
    Cap Rate: 6.68%

  • ProBuild

    ProBuild

    Net Leased Auto Parts

    Tappahannock, VA
    Price: $1,120,000
    Size: 45,516 sqft
    Cap Rate: 8.29%

  • Mark IV Center

    Mark IV Center

    Shopping Strip

    North Charleston, SC
    Price: $1,082,500
    Size: 17,160 sqft
    Cap Rate: 12.51%

  • Hardee's (NNN Ground Lease)

    Hardee's (NNN Ground Lease)

    Net Leased Restaurant

    Smithfield (Raleigh), NC
    Price: $1,074,000
    Size: 49,129 sqft
    Cap Rate: 5.59%

  • Dollar General (15 Yr. Lease, 10% Increase)

    Dollar General (15 Yr. Lease, 10% Increase)

    Net Leased Discount

    Spring Lake, NC
    Price: $1,065,000
    Size: 9,100 sqft
    Cap Rate: 9.13%

  • Family Dollar (New Construction)

    Family Dollar (New Construction)

    Net Leased Discount

    Virgilina, VA
    Price: $1,060,000
    Size: 8,320 sqft
    Cap Rate: 8.36%

  • Corner Shoppes at Parklane

    Corner Shoppes at Parklane

    Shopping Strip

    Columbia, SC
    Price: $1,050,000
    Size: 10,908 sqft
    Cap Rate: 10.03%

  • A&L Body Shop (Absolute NNN)

    A&L Body Shop (Absolute NNN)

    Single-Tenant Industrial

    Kinston, NC
    Price: $1,025,000
    Size: 12,390 sqft
    Cap Rate: 11.41%

  • KFC (NNN Ground Lease)

    KFC (NNN Ground Lease)

    Net Leased Restaurant

    Wake Forest, NC
    Price: $1,000,000
    Size: 43,560 sqft
    Cap Rate: 7.20%

  • Dollar General #3585

    Dollar General #3585

    Net Leased Discount

    Winston-Salem, NC
    Price: $975,000
    Size: 9,014 sqft
    Cap Rate: 9.28%

  • Taco Bell

    Taco Bell

    Net Leased Restaurant

    Gastonia, NC
    Price: $866,667
    Size: 2,007 sqft
    Cap Rate: 4.50%

  • Fresenius Strip Center

    Fresenius Strip Center

    Shopping Strip

    Hartsville, SC
    Price: $850,000
    Size: 10,000 sqft
    Cap Rate: 8.62%

  • Marco's Pizza

    Marco's Pizza

    Net Leased Restaurant

    Columbia, SC
    Price: $835,000
    Size: 1,935 sqft
    Cap Rate: 7.19%

  • PPG Paints

    PPG Paints

    Net Leased Dry Good

    Dalton, GA
    Price: $760,000
    Size: 5,000 sqft
    Cap Rate: 9.23%

  • Former Hollywood Video

    Former Hollywood Video

    Single-Tenant Vacant/User

    Rocky Mount, NC
    Price: $680,000
    Size: 6,968 sqft

  • TitleMax | Metro Atlanta

    TitleMax | Metro Atlanta

    Net Leased Miscellaneous

    Atlanta, GA
    Price: $645,000
    Size: 4,400 sqft
    Cap Rate: 9.30%

  • Starbucks

    Starbucks

    Net Leased Restaurant

    Grove City (Columbus MSA), OH
    Price: $625,000
    Size: 742 sqft
    Cap Rate: 8.00%

  • PNC Bank

    PNC Bank

    Net Leased Bank

    Calabash, NC
    Price: $610,000
    Size: 2,048 sqft
    Cap Rate: 12.30%

  • Sonic (Corporate Ground Lease)

    Sonic (Corporate Ground Lease)

    Net Leased Restaurant

    Independence (Kansas City), MO
    Price: $600,000
    Size: 35,576 sqft
    Cap Rate: 7.06%

  • 2 OUT LOTS - River's Edge Shopping Center

    2 OUT LOTS - River's Edge Shopping Center

    Land - Retail

    Rocky Mount, NC
    Price: $575,000
    Size: 128,066 sqft

  • Dollar General

    Dollar General

    Net Leased Discount

    Estill, SC
    Price: $575,000
    Size: 9,100 sqft
    Cap Rate: 8.83%

  • Family Dollar

    Family Dollar

    Net Leased Discount

    Walton, NY
    Price: $575,000
    Size: 9,180 sqft
    Cap Rate: 8.77%

  • Jiffy Lube

    Jiffy Lube

    Net Leased Auto Parts

    Clayton, NC
    Price: $533,620
    Size: 1,796 sqft
    Cap Rate: 7.95%

  • Sun Trust Building

    Sun Trust Building

    Office

    Morganton, NC
    Price: $490,800
    Size: 20,830 sqft
    Cap Rate: 8.50%

  • Dollar General

    Dollar General

    Net Leased Discount

    McCormick, SC
    Price: $455,000
    Size: 8,000 sqft
    Cap Rate: 9.19%

  • Dollar General

    Dollar General

    Net Leased Discount

    Jonesville, SC
    Price: $445,158
    Size: 8,000 sqft
    Cap Rate: 9.35%

  • PNC Bank

    PNC Bank

    Net Leased Bank

    Richlands, NC
    Price: $393,375
    Size: 2,965 sqft
    Cap Rate: 12.71%

  • Wells Fargo

    Wells Fargo

    Single-Tenant Office

    Thomasville, NC
    Price: $367,500
    Size: 8,235 sqft
    Cap Rate: 6.53%

  • TitleMax

    TitleMax

    Net Leased Discount

    Hampton, SC
    Price: $360,000
    Size: 2,298 sqft
    Cap Rate: 10.0%

  • Providence Bank

    Providence Bank

    Net Leased Bank

    Tarboro, NC
    Price: $346,500
    Size: 5,216 sqft
    Cap Rate: 11.52%

  • Hudson Corners Outparcels

    Hudson Corners Outparcels

    Land - Retail

    Gastonia, NC
    Price: $300,000

  • CommunityOne Bank

    CommunityOne Bank

    Net Leased Bank

    North Wilkesboro, NC
    Price: $283,500
    Size: 2,300 sqft
    Cap Rate: 22.16%

  • Wells Fargo

    Wells Fargo

    Office

    Petersburg, VA
    Price: $236,250
    Cap Rate: 11.14%

There are additional transactions closed, contact us for more.

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