Marcus & Millichap Inc.
11/04/2024 | Press release | Distributed by Public on 11/04/2024 13:53
Marcus & Millichap Arranges Sale of Net-Leased Arby’s Location in West Allis, Wisconsin
Press Releases
Marcus & Millichap Arranges Sale of Net-Leased Arby's Location in West Allis, Wisconsin
November 04, 2024
LinkedIn Email App
WEST ALLIS, Wis., Nov. 4, 2024 - 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 Arby's location in West Allis, Wisconsin. The property sold for $2,083,053.
"Restaurant sale leasebacks continue to get across the finish line in this market," said Damien Yoder, first vice president investments. "Given the tenant's renewed commitment with a new long-term lease in place and available historical sales information, these deals are always a favorite for many of our net-lease investment clients."
Yoder and Madison Harman of The Yoder-Harman Group, investment specialists in Marcus & Millichap's Indianapolis office, procured the buyer, 12947 Woodbridge Street, LLC, a private investor. Todd Lindblom, Broker of Record in Wisconsin, assisted in closing the transaction.
Arby's is located at 10743 W National Avenue in West Allis, WI, receiving visibility from more than 16,600 vehicles per day. Built in 2004, the 1,544-square-foot property is situated in a strong retail corridor with nearby retailers including Target, Home Depot, Menards and the West Allis Shopping Center.
"Restaurant sale leasebacks continue to get across the finish line in this market," said Damien Yoder, first vice president investments. "Given the tenant's renewed commitment with a new long-term lease in place and available historical sales information, these deals are always a favorite for many of our net-lease investment clients."
Yoder and Madison Harman of The Yoder-Harman Group, investment specialists in Marcus & Millichap's Indianapolis office, procured the buyer, 12947 Woodbridge Street, LLC, a private investor. Todd Lindblom, Broker of Record in Wisconsin, assisted in closing the transaction.
Arby's is located at 10743 W National Avenue in West Allis, WI, receiving visibility from more than 16,600 vehicles per day. Built in 2004, the 1,544-square-foot property is situated in a strong retail corridor with nearby retailers including Target, Home Depot, Menards and the West Allis Shopping Center.
# # #
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, 2023, the company had 1,783 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 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.