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Marcus & Millichap Arranges the Sale of a 4,150-Square-Foot Net-Leased Property

INVERNESS, Fla., September 11, 2019 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Batteries Plus Bulbs, a 4,150-square foot net-leased property located in Inverness, Fla., according to Chris Travis, sales manager of the firm’s Tampa office. The asset sold for $432,500.

James Medefind, an investment specialist in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor.

Quote from Agent.

Batteries Plus Bulbs is located at 2418 Highway 44 West in Inverness, Fla. The subject property is positioned on Highway 44 West which exposes the property to over 31,500 vehicles per day. Highway 44 West is home to many national retailers and restaurants, such as Walmart Supercenter, Olive Garden, Golden Corral, T.J. Maxx, and Dunkin' Donuts. Located just one mile from Batteries Plus Bulbs is Publix and Winn-Dixie. The subject property is situated down the street from Withlacoochee Technical College, Citrus High School, and Inverness Primary School.

Located in Citrus County, Florida, the city of Inverness, has been designated a "Gateway Community" by the Florida Trail Association and has been recognized as a "Tree City" by the National Arbor Day Foundation. Inverness is known for its simpler lifestyle and a safe place to retire and raise a family.

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