Menard Inc Acquires 30-Acre Industrial Property In Myakka City For $10.3M

Menard Inc., a popular Midwest home improvement retailer, has purchased a 30-acre property with a 56,000-square-foot building in Myakka City, east Manatee County, Florida. The property, located at 43175 State Road 70 East, was acquired for $10.3 million. The transaction represents an opportunity for Menard Inc. to expand into Florida and cater to the increasing population in the state.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $10,300,000
• Acreage: 30 acres
• Square Footage: 56,040
• Price per Square Foot: $184
• Market: Myakka City, Florida

This acquisition signals Menard Inc.'s strategic move to establish a presence in Florida. While the retailer's specific plans for the property are unclear, the purchase aligns with a growing trend of retailers expanding into the state to meet the needs of its growing population.