GLENDALE, Arizona – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of BevMo!, a 14,956-square-foot net-leased property located in Glendale, Arizona. According to Ryan Sarbinoff, regional manager of the firm’s Phoenix office, the asset sold for $4,765,000 ($319 PSF).

Mark Ruble and Chris Lind, investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, another limited liability company, was procured by Ruble and Lind.

Built in 2000, BevMo! is situated along the dense Bell Road retail corridor, surrounded by numerous national retailers. Two miles off the Loop 101 and Interstate 17 freeways, the location is visible to over 61,800 vehicles per day on the hard corner of West Bell Road and North 67^th Avenue. There are 329,015 residents within a five-mile radius in the Phoenix MSA with an average household income exceeding $94,000 annually. BevMo! is located at 6712 West Bell Road in Glendale, Arizona.

TUCSON, Arizona – The former Wendy’s Restaurant with drive-thru at 7860 East Wrighstown Road in Tucson sold for $360,000 ($150 PSF)  to Badasam Investments of Scottsdale (Barry Werner, manager).

The 2,398-square-foot building was built in 1978 on .54 acres at the southwest corner of Wrightown and Pantano Roads. It has been vacant for several years and the buyer purchased it speculatively to lease.

Aaron LaPrise and Dave Hammack with Cushman & Wakefield | Picor handled the sale for buyer and seller, Milana Mihich, trustee of her Family Trust.

LaPrise and Hammack also have the leasing contract for the property.

“Drive-Thru properties are always in high demand,” Aaron LaPrise said. “The restaurant property offers plenty of retail opportunities.  Drive-thru lanes have become a superstar in retail.”

After decades as a fast-food staple, drive-thru lanes became the superstar, helping fast-food chains’ sales rebound faster than those of its full-service brethren. By December, drive-thru lanes accounted for 44% of off-premise orders across the entire restaurant industry, according to the NPD Group. As vaccine distribution ramps up across the United States, the popularity of drive-thru ordering appears to have staying power, and is expected to stay above pre-pandemic levels for some time to come.

For more information, LaPrise and Hammack should be reached at 520.748.7100.

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PHOENIX, ARIZONA – CARR, a national provider of commercial real estate services specializing in representing tenants and buyers, is pleased to announce the addition of Monica Aguayo to its Arizona team.

Aguayo joins Barbara Firminger in serving the Metro Phoenix market for CARR. Aguayo will assist clients with new office space, expansions, relocations, acquisitions, and lease renewals. She will also represent healthcare professionals in their office lease or purchase negotiations. Aguayo will identify and evaluate the most desirable property options for CARR clients.

Aguayo’s previous experience in commercial real estate was with Healthcare Trust of America and CoStar Group, both in the Valley. She is active in Valley Partnership and AZCREW. Recently featured in Forbes, Inc. and Entrepreneur Magazine, CARR is unique in that it only represents healthcare tenants and buyers. This eliminates any conflict of interest between competing parties that arises when real estate agents attempt to work for more than one party in a transaction.

A listing agent’s fiduciary responsibility is to the landlord, whereas CARR’s fiduciary responsibility is solely to its tenant and buyer client (dentists, doctors, veterinarians, etc.). This allows CARR to maximize its client’s profitability through real estate negotiations and add significant savings to its bottom line.

A native of Joliet, Illinois, Aguayo was raised in El Paso, Texas. She moved to Scottsdale in 2017. Away from the office she enjoys running, watching movies and gardening. She is the mother of two daughters.