Press Releases
Marcus & Millichap Brokers $9M Sale of Net-Leased Walgreens in Miami
February 24, 2026
MIAMI, Feb. 24, 2026 – 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 $9 million net-leased, freestanding Walgreens with a drive-thru pharmacy in Miami, Florida.
“Miami continues to attract investors from around the U.S. who want to place equity in high-traffic areas, regardless of the recent Sycamore acquisition of Walgreens,” said Ronnie Issenberg, Senior Managing Director. “We had several offers on the first day of marketing and an accepted deal within four days of launching.”
Issenberg, Gabriel Britti and Ricardo Esteves, investment specialists in Marcus & Millichap’s Miami office, represented the seller, Orion Real Estate Group.
The property is at 13698 SW 8th St. and consists of a 17,471-square-foot Walgreens situated on a 2.45-acre parcel at a signalized intersection along Southwest 8th Street (Tamiami Trail). Built in 2000, the asset is secured by a 15-year, corporate-guaranteed absolute net lease.
“Miami continues to attract investors from around the U.S. who want to place equity in high-traffic areas, regardless of the recent Sycamore acquisition of Walgreens,” said Ronnie Issenberg, Senior Managing Director. “We had several offers on the first day of marketing and an accepted deal within four days of launching.”
Issenberg, Gabriel Britti and Ricardo Esteves, investment specialists in Marcus & Millichap’s Miami office, represented the seller, Orion Real Estate Group.
The property is at 13698 SW 8th St. and consists of a 17,471-square-foot Walgreens situated on a 2.45-acre parcel at a signalized intersection along Southwest 8th Street (Tamiami Trail). Built in 2000, the asset is secured by a 15-year, corporate-guaranteed absolute net lease.
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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, 2025, the company had 1,808 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 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
