Marcus & Millichap Inc.
10/05/2026 | Press release | Archived content
Marcus & Millichap Brokers $11.59M Sale of 7-Eleven in Homestead, Florida
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Marcus & Millichap Brokers $11.59M Sale of 7-Eleven in Homestead, Florida
October 05, 2026
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HOMESTEAD, Fla., Oct. 5, 2026 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the $11,585,000 sale of a newly developed 7-Eleven convenience store and gas station at 1090 N. Homestead Boulevard, in Homestead, Florida. The property was developed and sold by Miami-based MMG Equity Partners.
"The masterful development of this site by MMG Equity Partners was a multi-year effort," said Scott Sandelin, senior managing director in Marcus & Millichap's Miami office. "It involved an assemblage of a few parcels, the relocation of an existing business to a brand-new building on their own parcel, and the construction of a relocation store for 7-Eleven from across the street."
Sandelin, Kirk Olson and Drew Kristol of Marcus & Millichap represented the seller, MMG Equity Partners.
"The marketing of the asset drew interest from investors near and far, and ultimately closed at 98% of the list price," said Kristol.
The property is a 4,899-square-foot building on a 1.33-acre lot. It was built in 2026 and is occupied by a 7-Eleven convenience store and gas station with multiple pump islands.
The property is located at the intersection of US-1 (N Homestead Boulevard) and NE 11th Street, adjacent to a shopping center anchored by Publix, Marshalls, HomeGoods and CVS.
Located in southern Miami-Dade County, Homestead is a growing city that serves as a connector between the Miami metro area and the Florida Keys.
"The masterful development of this site by MMG Equity Partners was a multi-year effort," said Scott Sandelin, senior managing director in Marcus & Millichap's Miami office. "It involved an assemblage of a few parcels, the relocation of an existing business to a brand-new building on their own parcel, and the construction of a relocation store for 7-Eleven from across the street."
Sandelin, Kirk Olson and Drew Kristol of Marcus & Millichap represented the seller, MMG Equity Partners.
"The marketing of the asset drew interest from investors near and far, and ultimately closed at 98% of the list price," said Kristol.
The property is a 4,899-square-foot building on a 1.33-acre lot. It was built in 2026 and is occupied by a 7-Eleven convenience store and gas station with multiple pump islands.
The property is located at the intersection of US-1 (N Homestead Boulevard) and NE 11th Street, adjacent to a shopping center anchored by Publix, Marshalls, HomeGoods and CVS.
Located in southern Miami-Dade County, Homestead is a growing city that serves as a connector between the Miami metro area and the Florida Keys.
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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.
Marcus & Millichap Inc. published this content on October 05, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on October 08, 2026 at 21:50 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]