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Broker

Darpan Patel

Marcus & Millichap
Patel-Yozwiak Group
Co-Founder
  • 14Active Listing
  • 0Under Contract
  • 0Sold Transactions

Darpan Patel joined Marcus and Millichap as an Associate in April of 2012. He was promoted to Senior Associate in April 2016 and elevated to First Vice President Investments in July 2019. Since joining Marcus & Millichap, Darpan has closed more than 300 transactions equating to more than $650 million of property sales in 32 states. His clients include developers, high net-worth investors, syndicators, medical professionals,, private equity funds and private investment groups. Mr. Patel and his partner, Mr. Yozwiak, joined together in 2020 to form the Patel-Yozwiak Group of Marcus & Millichap. They are a team of professional consultants that provide advisory services across the entire net leased sector. They have breadth and depth of experience in retail, restaurant, office, industrial, medical and hospitality. The team specialists can customize strategy and deliver the market for each asset class. The team has closed in excess of 600 transactions valued in excess of $1.4B, across 40 states.

OH SAL 2012000748
500 Neil Ave, Suite 100 Columbus, OH 43215

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1506 34th Street, Lubbock, TX , 79411
  • Size SF22,300
  • Built/Renov1951
  • Price/SF$49
  • Lease Start06-01-2023
  • Rent/SF$2.96
  • Lease Type NN+
  • Lot/AC0.77
  • Pop 5MI177,763

1,100,000

  • Cap Rate 6.00%
  • NOI $66,040
  • R. Term/Yrs 4.5
  • Guarantor Corporate
  • # Units 2
  • In location for years

  • Dense retail corridor

  • Freeway close

  • University college close

  • Dense 100M+ pop 5 mi

  • Major MSA

  • Income tax free state

  • Long operation history

  • Favorable NN+ lease

  • Corporate Guarantee

  • ...
  • Tenant ACB Thrift Store
  • Guarantor Corporate
  • #Units 2
  • Stock Non-Profit
8102 South Yale Avenue, Tulsa, OK , 74137
  • Size SF14,490
  • Built/Renov2002
  • Price/SF$281
  • Lease Start06-01-2022
  • Rent/SF$22.50
  • Lease Type Abs NNN
  • Lot/AC1.54
  • Pop 5MI201,131

4,075,000

  • Cap Rate 8.00%
  • NOI $326,000
  • R. Term/Yrs 3.5
  • Guarantor Corp R + T
  • # Units 8,896
  • Signalized intersection

  • Hard corner intersection

  • Near major nationals

  • Strategically located

  • Top 100 MSA

  • Strong demographics

  • Absolute NNN

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

  • ...
  • Tenant Walgreens
  • Guarantor Corp T and Rated
  • #Units 8,896
  • Moody's/S&P Baa3/ BBB
  • Stock NASDAQ: WBA
5133 Carpenter Road, Ypsilanti, MI , 48197
  • Size SF11,436
  • Built/Renov1990/2023
  • Price/SF$140
  • Lease Start11-01-2023
  • Rent/SF$9.44
  • Lease Type Double NN
  • Lot/AC2.11
  • Pop 5MI136,542

1,600,000

  • Cap Rate 6.75%
  • NOI $108,000
  • R. Term/Yrs 8.10
  • Guarantor Corporate
  • # Units 1,605
  • Recent renovation

  • Build to suit

  • Roof guarantee

  • Near major nationals

  • Strategically located

  • Freeway close

  • Strong demographics

  • Major MSA

  • Annual rent increases

  • Corporate Guarantee

  • ...
  • Tenant Caliber Collision
  • Guarantor Corporate
  • #Units 1,605
  • Stock Private
68 Exeter Road, Jackson, TN , 38305
  • Size SF9,800
  • Built/Renov2022
  • Price/SF$292
  • Lease Start10-02-2022
  • Rent/SF$19.38
  • Lease Type Double NN
  • Lot/AC1.16
  • Pop 5MI57,492

2,864,614

  • Cap Rate 6.63%
  • NOI $189,924
  • R. Term/Yrs 8.2
  • Guarantor Corporate
  • # Units 125
  • New construction

  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • University college close

  • Highway close

  • Income tax free state

  • Annual rent increases

  • Corporate Guarantee

  • ...
  • Tenant Hopebridge Autism Therapy
  • Guarantor Corporate
  • #Units 125
  • Stock Private
2640 North Central Avenue, Humboldt, TN , 38343
  • Size SF2,000
  • Built/Renov2022
  • Price/SF$850
  • Lease Start08-05-2022
  • Rent/SF$42.50
  • Lease Type NN+
  • Lot/AC1.00
  • Pop 5MI12,009

1,700,000

  • Cap Rate 5.00%
  • NOI $85,000
  • R. Term/Yrs 13.8
  • Guarantor Corp Rated
  • # Units 3,401
  • New construction

  • Dense retail corridor

  • Near major nationals

  • WalMart out-parcel

  • Major MSA

  • Income tax free state

  • Long 10+ yr lease

  • Favorable NN+ lease

  • Corporate Guarantee

  • Credit rated company

  • ...
  • Tenant Arby's
  • Guarantor Corp Rated
  • #Units 3,401
  • Moody's/S&P B2/ B+
  • Stock Private
1215 N Woodland Blvd, DeLand, FL , 32720
  • Size SF2,936
  • Built/Renov1977/2019
  • Price/SF$766
  • Lease Start01-01-2019
  • Rent/SF$42.53
  • Lease Type Abs NNN
  • Lot/AC0.72
  • Pop 5MI65,227

2,250,000

  • Cap Rate 5.55%
  • NOI $124,875
  • R. Term/Yrs 10.0
  • Guarantor Franchisee
  • # Units 150
  • Hard corner intersection

  • Dense retail corridor

  • Near major nationals

  • Highway location

  • Income tax free state

  • Absolute NNN

  • Long 10+ yr lease

  • Annual rent increases

  • 100+ unit franchisee backed

  • Personal guarantee

  • ...
  • Tenant IHOP
  • Guarantor Franchisee
  • #Units 150
  • Stock NYSE: DIN
3093 Cleveland Avenue, Columbus, OH , 43224
  • Size SF14,820
  • Built/Renov2004
  • Price/SF$297
  • Lease Start10-11-2004
  • Rent/SF$23.75
  • Lease Type Abs NNN
  • Lot/AC1.02
  • Pop 5MI355,305

4,400,000

  • Cap Rate 8.00%
  • NOI $352,000
  • R. Term/Yrs 5.10
  • Guarantor Corp R + T
  • # Units 8,896
  • Signalized intersection

  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Highway location

  • Dense 200M+ pop 5 mi

  • Top 100 MSA

  • Absolute NNN

  • Traded and rated company

  • Investment grade tenant

  • ...
  • Tenant Walgreens
  • Guarantor Corp T and Rated
  • #Units 8,896
  • Moody's/S&P Baa3/ BBB
  • Stock NASDAQ: WBA
1381 Union University Drive, Jackson, TN , 38305
  • Size SF6,540
  • Built/Renov2023
  • Price/SF$362
  • Lease Start07-01-2023
  • Rent/SF$21.70
  • Lease Type Double NN
  • Lot/AC0.83
  • Pop 5MI57,723

2,365,000

  • Cap Rate 6.00%
  • NOI $141,900
  • R. Term/Yrs 9.6
  • Guarantor Corp R + T
  • # Units 3,000
  • New construction

  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Income tax free state

  • Brand new lease

  • Annual rent increases

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

  • ...
  • Tenant Raymond James
  • Guarantor Corp T and Rated
  • #Units 3,000
  • Moody's/S&P A3/ A-
  • Stock NYSE: RJF
1548 U.S. 421, Harlan, KY , 40831
  • Size SF12,650
  • Built/Renov1984/2017
  • Price/SF$79
  • Lease Start09-01-2017
  • Rent/SF$6.25
  • Lease Type Double NN
  • Lot/AC1.80
  • Pop 5MI14,945

999,999

  • Cap Rate 7.91%
  • NOI $79,062
  • R. Term/Yrs 3.9
  • Guarantor Corp R + T
  • # Units 8,206
  • Relocation store

  • Roof guarantee

  • Major thoroughfare

  • Near major nationals

  • Strategically located

  • Highway location

  • Traded and rated company

  • Corporate Guarantee

  • 100+ unit franchisee backed

  • Investment grade tenant

  • ...
  • Tenant Family Dollar
  • Guarantor Corp T and Rated
  • #Units 8,206
  • Moody's/S&P Baa2/ BBB
  • Stock NASDAQ: DLTR
1336 East Stone Drive, Kingsport, TN , 37660
  • Size SF510
  • Built/Renov2022
  • Price/SF$2,241
  • Lease Start12-01-2022
  • Rent/SF$117.65
  • Lease Type Abs NNN
  • Lot/AC0.70
  • Pop 5MI66,061

1,142,857

  • Cap Rate 5.25%
  • NOI $60,000
  • R. Term/Yrs 13.11
  • Guarantor Franchisee
  • # Units 33
  • New construction

  • New prototype

  • Major thoroughfare

  • Dense retail corridor

  • Near major nationals

  • Major MSA

  • Income tax free state

  • Absolute NNN

  • Long 10+ yr lease

  • Personal guarantee

  • ...
  • Tenant 7 Brew Coffee (GL)
  • Guarantor Franchisee
  • #Units 33
  • Stock Private
3912 17th Street, East Moline, IL , 61244
  • Size SF18,000
  • Built/Renov1969/2022
  • Price/SF$159
  • Lease Start07-31-2022
  • Rent/SF$10.88
  • Lease Type Double NN
  • Lot/AC1.43
  • Pop 5MI88,445

2,858,978

  • Cap Rate 6.85%
  • NOI $195,840
  • R. Term/Yrs 8.7
  • Guarantor Corporate
  • # Units 1,605
  • Recent renovation

  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Hospital close

  • Highway close

  • Major MSA

  • Annual rent increases

  • Corporate Guarantee

  • Over 1000 units backed

  • ...
  • Tenant Caliber Collision
  • Guarantor Corporate
  • #Units 1,605
  • Stock Private
3435 30th Avenue North, St. Petersburg, FL , 33713
  • Size SF4,040
  • Built/Renov1986/2015
  • Price/SF$246
  • Lease Start05-01-2020
  • Rent/SF$14.32
  • Lease Type NN+
  • Lot/AC0.23
  • Pop 5MI301,245

995,000

  • Cap Rate 5.81%
  • NOI $57,850
  • R. Term/Yrs 4.4
  • Guarantor Corporate
  • # Units 1
  • Major thoroughfare

  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Freeway close

  • Dense 200M+ pop 5 mi

  • Top 100 MSA

  • Income tax free state

  • Favorable NN+ lease

  • Corporate Guarantee

  • ...
  • Tenant West Coast Kayaks
  • Guarantor Corporate
  • #Units 1
  • Stock Private
3221 Fort Street, Wyandotte, MI , 48192
  • Size SF14,820
  • Built/Renov2004
  • Price/SF$293
  • Lease Start04-01-2024
  • Rent/SF$18.00
  • Lease Type Abs NNN
  • Lot/AC1.44
  • Pop 5MI200,870

4,337,560

  • Cap Rate 6.15%
  • NOI $266,760
  • R. Term/Yrs 15.3
  • Guarantor Corp R + T
  • # Units 8,896
  • Signalized intersection

  • Hard corner intersection

  • High traffic 50M+ VPD

  • Major thoroughfare

  • Dense 200M+ pop 5 mi

  • Top 100 MSA

  • Brand new lease

  • Long 15+ yr lease

  • Traded and rated company

  • Investment grade tenant

  • ...
  • Tenant Walgreens
  • Guarantor Corp T and Rated
  • #Units 8,896
  • Moody's/S&P Baa3/ BBB
  • Stock NASDAQ: WBA
2301 Ludington Street, Escanaba, MI , 49829
  • Size SF14,820
  • Built/Renov2000
  • Price/SF$276
  • Lease Start04-01-2024
  • Rent/SF$17.00
  • Lease Type Abs NNN
  • Lot/AC0.06
  • Pop 5MI17,325

4,096,585

  • Cap Rate 6.15%
  • NOI $251,940
  • R. Term/Yrs 15.3
  • Guarantor Corp R + T
  • # Units 8,896
  • Signalized intersection

  • Hard corner intersection

  • Major thoroughfare

  • Dense retail corridor

  • Near major nationals

  • Brand new lease

  • Long 15+ yr lease

  • Top performing store

  • Traded and rated company

  • Corporate Guarantee

  • ...
  • Tenant Walgreens
  • Guarantor Corp T and Rated
  • #Units 8,896
  • Moody's/S&P Baa3/ BBB
  • Stock NASDAQ: WBA

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