Press Releases
Marcus & Millichap Facilitates Sale of Raising Cane’s Property in Central Texas
December 18, 2024
ABILENE, Texas, Dec. 18, 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 a net-leased Raising Cane’s property in Abilene, Texas.
“We were able to assist the seller with this property, along with two others in a portfolio sale,” Chris Lind, senior managing director investments. “Our team was able to leverage local market knowledge, asset expertise and a national platform for this transaction.”
Lind, Mark Ruble and Zack House, investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller, a Delaware limited liability company. Tim Speck is Marcus & Millichap’s broker of record in Texas.
The 2,724-square-foot property is located at 1602 E. Overland Trail, just off Interstate 20, with visibility to more than 25,350 vehicles per day. Built in 2017, the property is corporate-guaranteed by Raising Cane’s, with eight years remaining on its absolute triple-net lease.
“We were able to assist the seller with this property, along with two others in a portfolio sale,” Chris Lind, senior managing director investments. “Our team was able to leverage local market knowledge, asset expertise and a national platform for this transaction.”
Lind, Mark Ruble and Zack House, investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller, a Delaware limited liability company. Tim Speck is Marcus & Millichap’s broker of record in Texas.
The 2,724-square-foot property is located at 1602 E. Overland Trail, just off Interstate 20, with visibility to more than 25,350 vehicles per day. Built in 2017, the property is corporate-guaranteed by Raising Cane’s, with eight years remaining on its absolute triple-net lease.
# # #
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.
