Press Releases
Marcus & Millichap Brokers $4.075M Sale of Retail Property Along Hollywood Beach Boardwalk
March 13, 2026
HOLLYWOOD, Fla., Mar. 13, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the $4,075,000 sale of a two-tenant retail building along the Hollywood Beach Boardwalk.
“The property is ideally located next to Margaritaville’s public parking entrance and fronts the Johnson Street boardwalk, just steps from Hollywood Beach,” said Drew Kristol, senior managing director investments. “The buyer was attracted to the strong cash flow and minimal management profile of the building.”
Kristol and Kirk Olson, senior managing directors investments in Marcus & Millichap’s Miami office, exclusively marketed the property on behalf of the seller, a private South Florida-based investment group.
The 2,800-square-foot building sits on Johnson Street, a pedestrian-only corridor connecting North Ocean Drive to the beach. The property is fully leased to Fat Tuesday’s, a national frozen cocktail brand, and Hollywood Beach Trikke, a bike and recreational rental business that has operated at the location since 2009. The site is next to Margaritaville Hollywood Beach Resort and a 600-space public parking garage, steps from the beach and nearby entertainment venues.
“The property is ideally located next to Margaritaville’s public parking entrance and fronts the Johnson Street boardwalk, just steps from Hollywood Beach,” said Drew Kristol, senior managing director investments. “The buyer was attracted to the strong cash flow and minimal management profile of the building.”
Kristol and Kirk Olson, senior managing directors investments in Marcus & Millichap’s Miami office, exclusively marketed the property on behalf of the seller, a private South Florida-based investment group.
The 2,800-square-foot building sits on Johnson Street, a pedestrian-only corridor connecting North Ocean Drive to the beach. The property is fully leased to Fat Tuesday’s, a national frozen cocktail brand, and Hollywood Beach Trikke, a bike and recreational rental business that has operated at the location since 2009. The site is next to Margaritaville Hollywood Beach Resort and a 600-space public parking garage, steps from the beach and nearby entertainment venues.
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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.
