Marcus & Millichap Inc.
04/22/2026 | Press release | Distributed by Public on 04/23/2026 15:19
Marcus & Millichap Arranges $3.83M Sale of Two-Tenant Retail Strip in Bonita Springs, Florida
Press Releases
Marcus & Millichap Arranges $3.83M Sale of Two-Tenant Retail Strip in Bonita Springs, Florida
April 22, 2026
LinkedIn Email App
BONITA SPRINGS, Fla, April 21, 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 two-tenant retail center in Bonita Springs, Florida, for $3,825,000. The property is occupied by Starbucks and Tide Cleaners.
"Strong investor demand drove multiple competitive offers within a short marketing period, ultimately resulting in a closing at 99% of the list price," said Chris Garavaglia, managing director investments. "The property's high-performing, nationally recognized tenants and long-term net leases made it especially attractive in today's market."
Garavaglia, Andrew Muth, and Alex Perez, investment specialists in Marcus & Millichap's St. Louis office, in association with Ryan Nee, Marcus & Millichap's Florida broker of record, had the exclusive listing to market the property on behalf of the seller, a private developer, and procured the buyer, a Florida-based investor.
The property is situated on 1.18 acres at 27250 Bay Landing Drive. Built in 2000 and renovated in 2014, the 4,665-square-foot freestanding retail building is located just off South Tamiami Trail with visibility to approximately 51,500 vehicles per day. The property is within a retail corridor anchored by Publix, The Fresh Market, and HomeGoods and is fully leased to Starbucks and Tide Cleaners, both operating under long-term triple-net leases.
"Strong investor demand drove multiple competitive offers within a short marketing period, ultimately resulting in a closing at 99% of the list price," said Chris Garavaglia, managing director investments. "The property's high-performing, nationally recognized tenants and long-term net leases made it especially attractive in today's market."
Garavaglia, Andrew Muth, and Alex Perez, investment specialists in Marcus & Millichap's St. Louis office, in association with Ryan Nee, Marcus & Millichap's Florida broker of record, had the exclusive listing to market the property on behalf of the seller, a private developer, and procured the buyer, a Florida-based investor.
The property is situated on 1.18 acres at 27250 Bay Landing Drive. Built in 2000 and renovated in 2014, the 4,665-square-foot freestanding retail building is located just off South Tamiami Trail with visibility to approximately 51,500 vehicles per day. The property is within a retail corridor anchored by Publix, The Fresh Market, and HomeGoods and is fully leased to Starbucks and Tide Cleaners, both operating under long-term triple-net leases.
# # #
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 https://www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on April 22, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 23, 2026 at 21:19 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]