Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Dark Walgreens - Lake Worth, Florida, a 13,756-square foot net-leased property located in Lake Worth, FL, according to Scott Lunine, Regional Manager of the firm’s Miami office. The asset sold for $4,200,000.

Al Palacios and Marc E. Strauss, investment specialists in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.

The buyer of the property plans to demolish the existing structure and redevelop the 2.13-acre parcel into a Wawa. According to Strauss, “This will be an excellent location for a Wawa because traffic counts are in excess of 70,000 cars daily at this signalized, corner intersection.”

About Marcus & Millichap (NYSE: MMI)

With over 1,800 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 9,000 transactions in 2017 with a value of approximately $42.2 billion. Marcus & Millichap 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