Marcus & Millichap Inc., a prominent commercial real estate brokerage firm, has successfully arranged the sale of a net-leased restaurant property in Cape Coral, Florida, as announced on June 25, 2025. The property, occupied by Master Crab, is situated on a prime 1.27-acre site at the bustling intersection of Del Prado Boulevard and Veterans Memorial Parkway, an area with a daily traffic count exceeding 123,000 vehicles. With a ground lease secured through October 2028, the property attracted considerable interest due to Cape Coral's rapid growth and increasing retail demand. The sale was facilitated by investment specialists Darin Gross, Seth Haron, and Ashish Vakhariya from Marcus & Millichap's Detroit office, with Ryan Nee serving as the broker of record in Florida. The site is strategically located adjacent to the Coralwood Shopping Center, home to major retailers like Hobby Lobby, HomeGoods, and ALDI, positioning it favorably for the new ownership.
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