Press Releases
Marcus & Millichap Brokers $2.04 Million Sale of 20-Year Net-Leased Filiberto's Near Grand Canyon Gateway
October 01, 2026
WILLIAMS, Ariz., Oct. 1, 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 3,407-square-foot Filiberto's restaurant property near Interstate 40 and historic Route 66 for $2.04 million.
“After decades of hands-on apartment ownership in California, this buyer wanted durable income without the day-to-day management,” said Sean Rosenzweig, senior managing director investments.
Mark Ruble, Chris Lind and Zack House, investment specialists in Marcus & Millichap's Phoenix office, represented the seller, an Arizona limited liability company. Rosenzweig, based in the firm's Los Angeles office, represented the buyer, a decedent's trust. The buyer completed a 1031 exchange after exiting a long-term apartment investment in California.
The property is located at 888 N. Grand Canyon Blvd. The restaurant is leased to Filiberto's under a 20-year absolute triple-net lease with 10% rent increases every five years and a personal guaranty from one of the restaurant chain's original founders. Filiberto's operates approximately 130 locations across Arizona, California and New Mexico.
“After decades of hands-on apartment ownership in California, this buyer wanted durable income without the day-to-day management,” said Sean Rosenzweig, senior managing director investments.
Mark Ruble, Chris Lind and Zack House, investment specialists in Marcus & Millichap's Phoenix office, represented the seller, an Arizona limited liability company. Rosenzweig, based in the firm's Los Angeles office, represented the buyer, a decedent's trust. The buyer completed a 1031 exchange after exiting a long-term apartment investment in California.
The property is located at 888 N. Grand Canyon Blvd. The restaurant is leased to Filiberto's under a 20-year absolute triple-net lease with 10% rent increases every five years and a personal guaranty from one of the restaurant chain's original founders. Filiberto's operates approximately 130 locations across Arizona, California and New Mexico.
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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.
