Press Releases
Marcus & Millichap Arranges the Sale of a Net-Leased QuikTrip Property in Wylie, Texas
December 27, 2023
Wylie, Texas, December 27, 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 QuikTrip, a 5,200-square-foot net-leased property located in Wylie, Texas, according to Steven D. Weinstock, Regional Manager and Senior Vice President of the firm’s Chicago Oak Brook office.
Senior Managing Directors, Austin Weisenbeck, Sean R. Sharko and Senior Associate, Timothy Nichols, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, along with Associate, Luke Sullivan, investment specialists in the Dallas office, had the exclusive listing to market the property on behalf of the seller, a private investor. Tim Speck, Regional Manager, Broker of Record of Texas, assisted in closing this transaction.
QuikTrip is located at 3459 FM 544 in Wylie, Texas. The area is included in the Dallas Metropolitan Statistical Area and has witnessed remarkable growth, with the population surging by an impressive 864 percent since the year 2000. Conveniently, this property is surrounded by numerous retailers, including a highly frequented ALDI, and is amidst various new retail developments. The absolute triple-net lease incorporates rental increases every five years during the base term, along with a corporate guarantee.
Senior Managing Directors, Austin Weisenbeck, Sean R. Sharko and Senior Associate, Timothy Nichols, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, along with Associate, Luke Sullivan, investment specialists in the Dallas office, had the exclusive listing to market the property on behalf of the seller, a private investor. Tim Speck, Regional Manager, Broker of Record of Texas, assisted in closing this transaction.
QuikTrip is located at 3459 FM 544 in Wylie, Texas. The area is included in the Dallas Metropolitan Statistical Area and has witnessed remarkable growth, with the population surging by an impressive 864 percent since the year 2000. Conveniently, this property is surrounded by numerous retailers, including a highly frequented ALDI, and is amidst various new retail developments. The absolute triple-net lease incorporates rental increases every five years during the base term, along with a corporate guarantee.
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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, 2023, the company had 1,783 investment sales and financing professionals in over 80 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 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.
