Press Releases
Marcus & Millichap Brokers Sale of Dollar General Property in the Austin MSA
April 21, 2026
KYLE, Texas, April 21, 2026 – 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 brand-new, net-leased Dollar General property in Kyle, Texas.
“This property offered an attractive opportunity to complete a 1031 exchange into a new construction asset in the Austin MSA, one of the country’s top growth corridors,” said Darpan Patel, senior managing director investments. “With a new 15-year triple-net lease in place and built-in rent increases, the investment provides stable, long-term income with upside potential in a high-growth market. Buyer demand for single-tenant net-leased assets remains strong, particularly among investors seeking to reposition capital out of coastal multifamily markets.”
Patel, Dan Yozwiak and Paul Bouldin, in association with Tim Speck, Marcus & Millichap’s Texas broker of record, procured the buyer, a private California-based investor in a 1031 exchange.
The 10,640-square-foot property is situated on 1.09 acres at 1600 Bunton Creek Road. The site is adjacent to Lehman High School and approximately one mile east of Interstate 35, offering strong visibility and convenient access along a key corridor between Austin and San Antonio.
“This property offered an attractive opportunity to complete a 1031 exchange into a new construction asset in the Austin MSA, one of the country’s top growth corridors,” said Darpan Patel, senior managing director investments. “With a new 15-year triple-net lease in place and built-in rent increases, the investment provides stable, long-term income with upside potential in a high-growth market. Buyer demand for single-tenant net-leased assets remains strong, particularly among investors seeking to reposition capital out of coastal multifamily markets.”
Patel, Dan Yozwiak and Paul Bouldin, in association with Tim Speck, Marcus & Millichap’s Texas broker of record, procured the buyer, a private California-based investor in a 1031 exchange.
The 10,640-square-foot property is situated on 1.09 acres at 1600 Bunton Creek Road. The site is adjacent to Lehman High School and approximately one mile east of Interstate 35, offering strong visibility and convenient access along a key corridor between Austin and San Antonio.
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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, 2025, the company had 1,808 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 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
