{"id":1004185479,"date":"2017-07-31T09:07:52","date_gmt":"2017-07-31T17:07:52","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004185479"},"modified":"2022-12-08T21:24:32","modified_gmt":"2022-12-09T05:24:32","slug":"marcus-millichap-arranges-sale-of-minneapolis-restaurant","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-arranges-sale-of-minneapolis-restaurant\/","title":{"rendered":"Marcus &amp; Millichap Arranges Sale of Minneapolis Restaurant"},"content":{"rendered":"<p>By Adina Marcut<\/p>\n<div id=\"attachment_1004185480\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/applebees-1.png\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004185480\" data-attachment-id=\"1004185480\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-arranges-sale-of-minneapolis-restaurant\/applebees-1\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/applebees-1.png\" data-orig-size=\"800,534\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"applebees 1\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/applebees-1.png?w=800\" loading=\"lazy\" class=\"wp-image-1004185480 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/applebees-1.png\" alt=\"Applebee's on 3794 NW Marketplace Drive, Minnesota\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/applebees-1.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/applebees-1.png?resize=300,200 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/applebees-1.png?resize=768,513 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004185480\" class=\"wp-caption-text\">Applebee&#8217;s on 3794 NW Marketplace Drive, Minnesota<\/p><\/div>\n<p>After closing a 7,500-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/chicago-pnc-bank-changes-hands-for-4-million\/\">retail property deal in Norwood Park<\/a>, Chicago, Marcus &amp; Millichap arranged the $4.3 million sale of Applebee\u2019s, a 5,156-square-foot property located in Rochester, Minn.<\/p>\n<p>Investment specialists in Marcus &amp; Millichap\u2019s Minneapolis office\u2014 Adam Prins, Matthew Hazelton, Cory Vilaume and Sean Doyle\u2014represented the buyer, a limited liability company and had the exclusive listing to market the asset on behalf of the seller.<\/p>\n<h2>Proximity to major employers<\/h2>\n<p>Located at 3794 NW Marketplace Drive, Applebee\u2019s is in close proximity to various employers such as Best Buy, Starbucks, Target, The UPS Store and Verizon. Think Mutual Bank, IBM, Woodside Park and Allendale Park are a short drive away.<\/p>\n<p><em>\u201cThis property generated a significant amount of interest from investors around the country. Ultimately it sold to a Twin Cities-based family, involved in a 1031 exchange<\/em>,\u201d Matthew Hazelton, said in a statement.<\/p>\n<p><em>Image via Google Maps<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company represented both the seller and the buyer in the transaction. The more than 5,000-square-foot property is located near major employers such as Best Buy, Starbucks, Target and The UPS Store.  <\/p>\n","protected":false},"author":436,"featured_media":1004185480,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,13,36076,21742],"tags":[],"class_list":["post-1004185479","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-midwest","category-minneapolis-st-paul","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Marcus &amp; Millichap Arranges Sale of Minneapolis Restaurant - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-arranges-sale-of-minneapolis-restaurant\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Marcus &amp; Millichap Arranges Sale of Minneapolis Restaurant\" \/>\n<meta property=\"og:description\" content=\"The company represented both the seller and the buyer in the transaction. 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