Press Releases
Marcus & Millichap Arranges Sale of Net-Leased O’Reilly Auto Parts in Tavares, Florida
May 12, 2025
TAVARES, Fla., May 12, 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 a net-leased O’Reilly Auto Parts property in Tavares, Florida for $2,229,000.
“Investor demand for long-term, passive net-leased assets remains strong, particularly in dynamic markets like Tavares,” said Sam Malato, senior associate. “This transaction reflects the buyer’s strategy of acquiring high-quality, single-tenant properties leased to creditworthy tenants in regions experiencing sustained growth.”
Malato and Dominic Sulo, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, procured the buyer, a private, Midwest-based investor. Ryan Nee is the firm’s broker of record in Florida.
The property, located on 1.5 acres at 1293 S. Duncan Drive, features a newly constructed O’Reilly Auto Parts store under a brand-new 15-year net lease. The buyer intends to hold the property long term. Tavares has experienced a 36% population increase since 2010 and continues to benefit from growth spillover from the Orlando metropolitan area, currently the fastest-growing large metro in the U.S.
“Investor demand for long-term, passive net-leased assets remains strong, particularly in dynamic markets like Tavares,” said Sam Malato, senior associate. “This transaction reflects the buyer’s strategy of acquiring high-quality, single-tenant properties leased to creditworthy tenants in regions experiencing sustained growth.”
Malato and Dominic Sulo, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, procured the buyer, a private, Midwest-based investor. Ryan Nee is the firm’s broker of record in Florida.
The property, located on 1.5 acres at 1293 S. Duncan Drive, features a newly constructed O’Reilly Auto Parts store under a brand-new 15-year net lease. The buyer intends to hold the property long term. Tavares has experienced a 36% population increase since 2010 and continues to benefit from growth spillover from the Orlando metropolitan area, currently the fastest-growing large metro in the U.S.
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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.
