The Knipp Wolf Net Lease Group Of Marcus & Millichap Announces The Sale Of An Absolute Net Burger King In Greenville, Texas
Greenville, TX, Date, 2023 – 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 an absolute net Burger King in Greenville, Texas according to Tim A. Speck, division manager in the firm’s Dallas office.
Vincent Knipp, Senior Managing Director Investments, in Marcus & Millichap’s Dallas office, had the exclusive listing to market the property on behalf of the seller.
“I was working two offers behind the scenes. I gave all diligence to both brokers, wanting to make sure we selected the best buyer because you really only get one shot in today's market before pricing adjusts,” said Knipp.
The property, strategically located as an out parcel to a prominent Walmart Supercenter, is in a prime position in Greenville's main retail corridor, which stretches along Interstate 30.
According to Knipp, "We've now sold the Burger King, Red Lobster, and the Chick-Fil-A at this intersection."
Burger King is located at 7315 Interstate Hwy 30, Greenville, Texas 75402.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2022, the company had 1,904 investment sales and financing professionals in 81 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 12,272 transactions in 2022, with a sales volume of approximately $86.3 billion. For additional information, please visit www.MarcusMillichap.com.