Marcus & Millichap Brokers the Sale of 7 Brew Coffee, a 510-SF Net-Leased Property in Bryan, Texas

BRYAN, Texas, June 21, 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 7 Brew Coffee, a 510-square-foot net-leased property located in Bryan, Texas.

“This is a brand new, high quality 2023 construction with a tenant that averages a unit volume of $2.4 million per site. The buyer is using the property to satisfy his 1031 exchange requirement and both sides were pleased with this transaction,” said Chris Lind, investment specialist in Marcus & Millichap’s Phoenix office. Lind, along with Mark Ruble, Zack House and Luke Sullivan, investment specialists in the firm’s Phoenix and Dallas offices respectively, had the exclusive listing to market the property on behalf of the seller, a partnership. The buyer, a limited liability company, was procured by Clayton J. Brown and Ruthanne Loar, investment specialists in the firm’s Seattle office. Texas broker of record, Tim Speck, assisted in closing this transaction.

7 Brew Coffee is located at 612 East Villa Maria Road in Bryan, Texas. It is in immediate proximity to Texas A&M University, as well as within a five-mile radius of over 150,000 residents. This net-leased asset is a brand new 10-year absolute triple-net ground lease and averages a unit volume of $2.4 million. Located in a dense retail corridor, the buyer can expect a 10-percent rental increase every five years.

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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, 2024, the company had 1,712 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 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.