YULEE, FL-Marcus & Millichap Real Estate Investment Services has successfully closed the sale of a 3,960-square-foot McDonald's asset at 463761 SR 200 in Yulee. The single-tenant property is worth $1,545,455. The existing lease for the property is a 20-year lease out of which 17 years are still remaining.
Craig Thomas of Marcus & Millichap's Jacksonville branch represented the seller, a Jacksonville-based developer, while John Glass, Senior VP Investments of San Francisco, Calif. office, and Lisa Sickinger, an Associate of the Cincinnati, Ohio office, represented the buyer. For the full story, go to Florida Real Estate Journal.
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