Marcus & Millichap Inc.
06/18/2026 | Press release | Distributed by Public on 06/19/2026 14:50
Marcus & Millichap Brokers $8.5M Sale of Net-Leased Gas Station and Convenience Store in South Florida
Press Releases
Marcus & Millichap Brokers $8.5M Sale of Net-Leased Gas Station and Convenience Store in South Florida
June 18, 2026
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FLORIDA CITY, Fla., June 18, 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 10 SE 1st Ave., a gas station and convenience store in Florida City, Florida. The property sold for $8.5 million.
"This was an off-market transaction. The seller was seeking a discreet and efficient sale process, and we procured a well-qualified all-cash buyer who submitted an $8.5 million offer with an expedited closing timeline," said Jonathan De La Rosa senior managing director investments in Marcus & Millichap's Miami office. "Ultimately, Sunshine Gas exercised its right of first refusal and acquired the property pursuant to its lease rights."
De La Rosa and Eduardo Toledo of Marcus & Millichap represented the private seller.
"Net-leased gas stations continue to be highly sought after by investors, particularly due to the significant tax advantages associated with 100% bonus depreciation," De La Rosa added. "This Florida City location is especially attractive, as it is widely recognized by locals as the first gas station off the Florida Turnpike on the route to the Florida Keys, benefiting from strong visibility and substantial traffic volumes generated by both residents and tourists traveling south."
The property comprises 8,599 square feet on 1.11 acres and was built in 1993. It is occupied by Shell and Dunkin'. The property is situated at the corner of U.S. Route 1 and E. Palm Drive, close to the Florida Keys Outlet Marketplace, Homestead-Miami Speedway and the Florida Turnpike.
"This was an off-market transaction. The seller was seeking a discreet and efficient sale process, and we procured a well-qualified all-cash buyer who submitted an $8.5 million offer with an expedited closing timeline," said Jonathan De La Rosa senior managing director investments in Marcus & Millichap's Miami office. "Ultimately, Sunshine Gas exercised its right of first refusal and acquired the property pursuant to its lease rights."
De La Rosa and Eduardo Toledo of Marcus & Millichap represented the private seller.
"Net-leased gas stations continue to be highly sought after by investors, particularly due to the significant tax advantages associated with 100% bonus depreciation," De La Rosa added. "This Florida City location is especially attractive, as it is widely recognized by locals as the first gas station off the Florida Turnpike on the route to the Florida Keys, benefiting from strong visibility and substantial traffic volumes generated by both residents and tourists traveling south."
The property comprises 8,599 square feet on 1.11 acres and was built in 1993. It is occupied by Shell and Dunkin'. The property is situated at the corner of U.S. Route 1 and E. Palm Drive, close to the Florida Keys Outlet Marketplace, Homestead-Miami Speedway and the Florida Turnpike.
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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 https://www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on June 18, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on June 19, 2026 at 20:50 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]