Press Releases
Marcus & Millichap Brokers $5.5 Million Sale of Shadow-Anchored Retail Center in Sumter County
February 03, 2025
BUSHNELL, Fla., Feb. 3, 2025 – 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 Bushnell Commons, a 27,976-square-foot retail center shadow-anchored by Walmart, in Bushnell, Florida, for $5.5 million.
“Bushnell Commons presented an exceptional opportunity, with nearly 80% of the center occupied by nationally recognized tenants and shadow-anchored by Walmart's significant draw,” said Tarek Chbeir, senior associate in Marcus & Millichap’s Orlando office. “Despite current market conditions, we successfully closed the transaction at a sub-6.5% cap rate, underscoring strong investor demand for well-located, stabilized retail assets.”
Chbeir exclusively marketed the property on behalf of the seller and procured the buyer, both private investors.
Built in 2005, Bushnell Commons is on a 5.46-acre site at 2163 W. C-48 in Bushnell, just off Interstate 75. With a 100% occupancy rate, the center includes 10 national and regional tenants, such as T-Mobile, Dollar Tree, and Anytime Fitness. The property is shadow-anchored by a high-performing Walmart Supercenter that attracts more than 1.4 million visitors annually.
“Bushnell Commons presented an exceptional opportunity, with nearly 80% of the center occupied by nationally recognized tenants and shadow-anchored by Walmart's significant draw,” said Tarek Chbeir, senior associate in Marcus & Millichap’s Orlando office. “Despite current market conditions, we successfully closed the transaction at a sub-6.5% cap rate, underscoring strong investor demand for well-located, stabilized retail assets.”
Chbeir exclusively marketed the property on behalf of the seller and procured the buyer, both private investors.
Built in 2005, Bushnell Commons is on a 5.46-acre site at 2163 W. C-48 in Bushnell, just off Interstate 75. With a 100% occupancy rate, the center includes 10 national and regional tenants, such as T-Mobile, Dollar Tree, and Anytime Fitness. The property is shadow-anchored by a high-performing Walmart Supercenter that attracts more than 1.4 million visitors annually.
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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.
