Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of an absolute net leased Schlotzsky’s in San Antonio, Texas, according to Tim A. Speck, division manager in the firm’s Dallas office.

Vincent Knipp, an investment specialist in Marcus & Millichap’s Dallas office, had the exclusive listing to market the property on behalf of the seller, a private developer.

“Our client took our pricing guidance and we were able to generate 13 high-quality offers,” stated Knipp.

Schlotzsky's is located at 8311 TX-151 in San Antonio, Texas. The property is an outparcel to a major San Antonio shopping center with proximity to Lackland Air Force Base and almost 300,000 residents within a 5-mile radius.

About Marcus & Millichap (NYSE: MMI)

With nearly 2000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 9,472 transactions in 2018 with a value of approximately $46.4 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com.