Press Releases
Marcus & Millichap Facilitates Sale of Brand-New AutoZone Location in Florida
July 09, 2024
NAPLES, Fla., July 9, 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 AutoZone property located in Naples, Florida. The property sold for $2,198,000.
Dominic Sulo, investment specialist in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, and procured the buyer. Ryan Nee, Broker of Record in Florida, assisted in closing the transaction.
The 2024 construction AutoZone is strategically located at the northeast corner of Immokalee Road and Randall Boulevard. The 7,574-square-foot property is an outparcel of The Randall at Orangetree, a 50-acre mixed-use development including a 400-unit multi-family development. The asset is situated directly across from a newly constructed Publix shopping center, with daily traffic counts exceeding 42,000 vehicles on Immokalee Road.
Dominic Sulo, investment specialist in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, and procured the buyer. Ryan Nee, Broker of Record in Florida, assisted in closing the transaction.
The 2024 construction AutoZone is strategically located at the northeast corner of Immokalee Road and Randall Boulevard. The 7,574-square-foot property is an outparcel of The Randall at Orangetree, a 50-acre mixed-use development including a 400-unit multi-family development. The asset is situated directly across from a newly constructed Publix shopping center, with daily traffic counts exceeding 42,000 vehicles on Immokalee Road.
# # #
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.
