Press Releases
Marcus & Millichap Announces Sale of Exxon Fuel – CrossAmerica Partners, a 2,603 SF Net-Leased Property in Georgia
May 08, 2024
TRENTON, Ga., May 8, 2024 – 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 Exxon Fuel - CrossAmerica Partners, a 2,603-square-foot net-leased property located in Trenton, Georgia. The asset sold for $1,450,000.
John P. Reehil, an investment specialist in Marcus & Millichap’s Columbus office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. John Leonard, Georgia Broker of Record, assisted in closing this transaction.
“After receiving multiple offers in the double digits, we identified the owner of the convenience store located at the site as the optimal buyer,” said John Reehil. “His intimate knowledge of the property and recognition of the substantial store and fuel sales were key factors in our decision.”
Exxon Fuel - CrossAmerica Partners is located at 5091 GA-136 in Trenton, Georgia. The property is ideally situated on the off ramp of I-59, just south of Chattanooga, Tennessee. The property is strategically located near Lookout Mountain and Cloudland Canyon state parks. CrossAmerica has over 1,800 wholesale distribution sites and over 1,100 retail locations in 34 states.
John P. Reehil, an investment specialist in Marcus & Millichap’s Columbus office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. John Leonard, Georgia Broker of Record, assisted in closing this transaction.
“After receiving multiple offers in the double digits, we identified the owner of the convenience store located at the site as the optimal buyer,” said John Reehil. “His intimate knowledge of the property and recognition of the substantial store and fuel sales were key factors in our decision.”
Exxon Fuel - CrossAmerica Partners is located at 5091 GA-136 in Trenton, Georgia. The property is ideally situated on the off ramp of I-59, just south of Chattanooga, Tennessee. The property is strategically located near Lookout Mountain and Cloudland Canyon state parks. CrossAmerica has over 1,800 wholesale distribution sites and over 1,100 retail locations in 34 states.
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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.
