
Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced that Lori Schneider, senior managing director investments in the firm’s Fort Lauderdale office, has retained the exclusive listing to market for sale a 12,735-square-foot CVS Pharmacy y más in the Miami metropolitan area. The listing price is $11,315,000.
“The property is located within an incrediblydense, completely built-up Miami submarket that has very low vacancy,” says Schneider. “The daytime population of 41,000 within one mile exceeds the residential population by over 24 percent, and the daytime population within a five-mile radius is 718,840.”
Located at 101 Hialeah Drive in Hialeah, the drugstore is open 24 hours a day, offers drive-through service, and reports extremely robust sales.
The CVS Pharmacy y más is a specialized concept customized to target and better serve the Hispanic shopper.
Hialeah is one of the nation’s largest Spanish-speaking communities. The city has a higher percentage of Cuban and Cuban-American residents than any other in the United States.
About Marcus & Millichap (NYSE: MMI)
With over 1,600 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 8,700 transactions in 2015 with a value of approximately $37.8 billion. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit:www.MarcusMillichap.com

