Press Releases
Marcus & Millichap Arranges Sale of Net-Leased Restaurant Property in Cape Coral, Fla.
June 25, 2025
CAPE CORAL, Fla., June 25, 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 restaurant property occupied by Master Crab in Cape Coral, Florida.
“This asset garnered significant interest due to its prime location and strong market fundamentals,” said Darin Gross, senior director investments. “Cape Coral continues to experience rapid growth and increasing retail demand, and we believe the property is well positioned to perform for the new ownership.”
Gross, Seth Haron and Ashish Vakhariya, investment specialists in Marcus & Millichap’s Detroit office, had the exclusive listing to market the property on behalf of the seller and procured the buyer. Ryan Nee is the firm’s broker of record in Florida.
Located on 1.27 acres at 2414 Del Prado Blvd., the property benefits from visibility at the busy intersection of Del Prado Boulevard and Veterans Memorial Parkway, with daily traffic exceeding 123,000 vehicles. Master Crab occupies the site under a ground lease guaranteed through October 2028. The property is directly adjacent to Coralwood Shopping Center, a major retail hub with tenants including Hobby Lobby, HomeGoods and ALDI.
“This asset garnered significant interest due to its prime location and strong market fundamentals,” said Darin Gross, senior director investments. “Cape Coral continues to experience rapid growth and increasing retail demand, and we believe the property is well positioned to perform for the new ownership.”
Gross, Seth Haron and Ashish Vakhariya, investment specialists in Marcus & Millichap’s Detroit office, had the exclusive listing to market the property on behalf of the seller and procured the buyer. Ryan Nee is the firm’s broker of record in Florida.
Located on 1.27 acres at 2414 Del Prado Blvd., the property benefits from visibility at the busy intersection of Del Prado Boulevard and Veterans Memorial Parkway, with daily traffic exceeding 123,000 vehicles. Master Crab occupies the site under a ground lease guaranteed through October 2028. The property is directly adjacent to Coralwood Shopping Center, a major retail hub with tenants including Hobby Lobby, HomeGoods and ALDI.
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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.
