Barry Wolfe

"Cannabis dispensaries are nothing like the head shops that folks may have imagined them to be a few years ago. Cannabis companies invest significant dollars in their locations and they tend to resemble Apple Stores,” said Barry Wolfe, a senior managing director at Marcus & Millichap who has sold 29 cannabis dispensaries over the past 18 months across multiple states.

People think of the cannabis industry within a 1970’s drug paraphernalia framework. They picture dirty, grungy, back-alley buildings when, in actuality, most of these stores are impeccably designed--comparable to a high-end Apple store.

Investing in commercial real estate leased to cannabis dispensaries can be an exciting investment option that many real estate investors have been overlooking. Despite the pitfalls faced in the early years during the legalization of cannabis in Florida, the industry is flourishing. According to the Leafly Jobs 2021 report, Florida is the 3rd largest cannabis seller in the U.S., leading job creation with a total of more than 31,000, equating to $1.2 billion in sales.

Institutional Property Advisors has arranged the $43 million sale of the Tupperware Brands Corporate Headquarters in Kissimmee. The HQ campus is situated on 43 acres and is 100% triple-net leased to Tupperware Brands.

KISSIMMEE, FLA. — New York-based O’Connor Capital Partners has sold the Tupperware Brands corporate headquarters campus in Kissimmee Institutional Property Advisors (IPA), a division of Marcus & Millichap, arranged the $43 million sale of the 43-acre property. The buyer was Spirit Realty.

A California-based firm purchased a new Dollar Tree-anchored retail center in Hialeah for $10 million.

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 Surterra Wellness | Medical Marijuana Dispensary, a 3,590-square foot net-leased property located in Boynton Beach, FL, according to Ryan Nee, regional manager of the firm’s Fort Lauderdale office. The asset sold for $2,385,000.

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 Wawa, a 6,119-square foot net-leased property located in Miami, FL, according to Ryan Nee, regional manager of the firm’s Fort Lauderdale office. The asset sold for $9,042,553.

New data suggests wide gaps in the ability to pay between independent restaurants and their chain counterparts.

The fast-food industry is grappling with a Catch-22: Quick service restaurant companies desperately want to grow their customer base in South Florida, but they've all but run out of space for new locations because of how well the sector has fared during the Covid-19 pandemic.

Is the chain you work for, like so many retail chains today, looking to lift net earnings in a challenging environment?

Shortage of Lots Is Forcing Retailers to Redevelop or Settle for Secondary Sites. Finding an acre or two of dirt to develop in greater Miami is a dilemma for some of the nation’s biggest names in retail, including Wawa, Walgreens and 7-11.

As interest rates are projected to stay flat or even go lower, net lease assets look like a particularly attractive bet.

Mod Pizza Gets Private Equity Backing, Targets 1,000 Stores

What is going to happen with all the big-box real estate?
“Don't care how much I make on a particular deal as long as the client is happy!” Best mindset for success
Is the industry ignoring the facts and looking through rose-colored glasses?

Renovations at Simon's Sawgrass Mills in Florida Are Designed to Combat Online Shopping

Metro areas located near the seacoast and those with active tech industries found themselves in the upper echelon of Marcus & Millichap’s 2019 National Retail Index.

The American public is choos­ing more than ever to eat out, giv­ing a longer and longer runway for quick-service restaurants (QSRs) to...

Chain Ready to Move 'As Quickly As Quality Sites Become Available'

Rent-to-own Retailer Empties Underperforming Locations to Strengthen Healthier Ones

A Rockville Centre-based real estate investment firm has purchased a retail building in Loganville, Ga. for $3.15 million.

Barry Wolfe Senior Managing Director Investments at Marcus & Millichap is interviewed in this episode. Barry assists investors and developers with disposition, acquisition and management of real estate assets.

Retailer to Expand Beyond Office Products

Retailer's Coworking Concept Targets Small Businesses in Dallas, Chicago

Atlanta-Based Chain Offers Three Locations in Central Florida

The biggest U.S. auto parts chains continue to see revenues in the green but many investors touched the
brakes last year in buying the real estate those retailers occupy.

When BB&T completes its acquisition of SunTrust, the two regional banking giants won’t just be combining deposits. In time, they could be depositing empty bank branches onto the real estate market as they shut redundant locations.

Barry details some of the many attributes of a sale-leaseback transaction for a retailer.

Those looking for their Wawa hoagie fix will be happy to know the company is expanding its workforce in Central Florida.

Retail investors have again targeted a well-traveled corridor in an affluent section of western Palm Beach County, Florida.

Tempur Sealy, Casper Open Locations Nationwide, See Opportunity After Bankruptcy Filing by Industry Giant

Amazon has expanded its grocery delivery and pickup through Whole Foods Market
and now reaches 63 markets nationwide, though one analyst isn't convinced the
services will revolutionize the industry and change its real estate leasing patterns.

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 CVS, a 13,824-square foot net-leased property located in Naples, Fla., according to Ryan Nee, vice president / regional manager of the firm’s Fort Lauderdale office. The asset sold for $7,300,000.

Thousands of retail properties could become prime targets for redevelopment if Rite Aid and Mattress Firm close stores. Some analysts raised questions about Rite-Aid’s future this week after the drug store and grocer Albertsons scrapped their proposed merger.

Retail Giants to Add More Markets Across US in 2018

PUBLIX: THE GROWTH OF SELF OWNED SHOPPING CENTERS

Dollar stores—buoyed by budget-conscious consumers and largely insulated from the rise of e-commerce—have become a popular bet for some net lease investors.

In this episode, Barry Wolfe, senior managing director, investments of Marcus & Millichap’s Wolfe Retail Group, joins us to discuss site selection, real estate trends in the restaurant industry, and more.

TAMPA, Fla., Dec. 27, 2017 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Shoppes of South Dale, a 34,100-square-foot retail property, according to Ari Ravi, regional manager of the firm’s Tampa office. The asset sold for $11,800,000.

Dollar stores have avoided many of the troubles shaking up other segments of the retail industry because these stores are largely resistant to the “Amazon effect.”

The Stiles real estate firm is moving forward with plans to redevelop a stretch of downtown Fort Lauderdale with residential units, retail and a 25-story office tower.

Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of a portfolio of six Aaron’s stores that incudes two properties in Colorado, two in Wyoming, and one each in Oregon and Utah. The sales price is $10,043,140.

The old Hurricane roller coaster in Dania Beach will soon make its final plunge.

Marcus & Millichap closed the sale of National Tire & Battery, a 5,870-square-foot net-leased property in Dayton, Ohio.

The Istrin Family Trust of California purchased a 9,002-square-foot Dollar General store for $1.41 million.

Single-tenant, net-leased properties (STNL) are among the most sought-after investments in the market, and over 40 percent of all STNL properties acquired are purchased by investors in a 1031 exchange. Finding the right properties can be challenging and competitive, and factoring in the time restrictions of a 1031 exchange further complicates the issue, particularly when deals can be derailed for a myriad of reasons. Many of these pitfalls can be avoided or limited by leveraging a team of… Show more

Single-tenant, net-leased properties (STNL) are among the most sought-after investments in the market, and over 40 percent of all STNL properties acquired are purchased by investors in a 1031 exchange. Finding the right properties can be challenging and competitive, and factoring in the time restrictions of a 1031 exchange further complicates the issue, particularly when deals can be derailed for a myriad of reasons. Many of these pitfalls can be avoided or limited by leveraging a team of well-versed experts, from property brokers to tax professionals, reducing the odds of an investor getting shouldered with a hefty tax obligation. Show less