Press Releases
Marcus & Millichap Brokers $3.5M Sale of Single-Tenant Net-Leased A&W Restaurant in Napa Valley, California
August 12, 2026
ST. HELENA, Calif., August 12, 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 501 Main St., a 2,983 square-foot single-tenant net leased A&W restaurant. The asset sold for $3.5 million or $1,173.32 per square foot.
"This transaction is especially meaningful because it keeps one of St. Helena's iconic properties in local hands," said Andres Guerra, Associate Director Investments. "Although there was interest from national retailers, the seller ultimately chose a longtime local business whose vision is to establish a permanent home for Azteca Market and create a lasting family legacy. Both the buyer and seller were committed to working together throughout the process, which helped bring the transaction across the finish line."
Guerra and Isaak Heitzeberg, investment specialists in Marcus & Millichap's Sacramento office, had the exclusive listing to market the property on behalf of the seller. The buyer was Azteca Market, a locally owned family business.
Built in 1967, the freestanding retail property is situated on a 0.44-acre parcel at 501 Main St. in St. Helena. The property features the city's only drive-thru, a grandfathered entitlement that cannot be replicated under current zoning and occupies a signalized corner along Highway 29 across from St. Helena High School. Following the departure of A&W in 2026, Azteca Market plans to relocate its St. Helena location to the property, marking the family's first real estate purchase for the business and establishing a long-term home for the locally owned market.
"This transaction is especially meaningful because it keeps one of St. Helena's iconic properties in local hands," said Andres Guerra, Associate Director Investments. "Although there was interest from national retailers, the seller ultimately chose a longtime local business whose vision is to establish a permanent home for Azteca Market and create a lasting family legacy. Both the buyer and seller were committed to working together throughout the process, which helped bring the transaction across the finish line."
Guerra and Isaak Heitzeberg, investment specialists in Marcus & Millichap's Sacramento office, had the exclusive listing to market the property on behalf of the seller. The buyer was Azteca Market, a locally owned family business.
Built in 1967, the freestanding retail property is situated on a 0.44-acre parcel at 501 Main St. in St. Helena. The property features the city's only drive-thru, a grandfathered entitlement that cannot be replicated under current zoning and occupies a signalized corner along Highway 29 across from St. Helena High School. Following the departure of A&W in 2026, Azteca Market plans to relocate its St. Helena location to the property, marking the family's first real estate purchase for the business and establishing a long-term home for the locally owned market.
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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.
