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 Dollar General (Absolute Net), a 9,100-square foot net-leased property located in Brownsville, Texas, according to Tim A. Speck, division manager in the firm’s Dallas office.

James W. Pickett III and Vincent Knipp, investment specialists in Marcus & Millichap’s Dallas office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a private investor, was secured and represented by Chris Lind, Jamie Medress and Mark Ruble, investment specialists in Marcus & Millichap’s Phoenix office.

“This was our fourth Dollar General Store sale this year, 24th overall sale. This closing was for one of my repeat clients, and we were able to put this deal under contract and close amidst the Covid-19 market disruption,” commented Knipp.

Dollar General (Absolute Net) is located at 6201 FM1732 in Brownsville, Texas. The property consists of a 9,100-square foot, freestanding building that sits on approximately two acres of land. The area is extremely dense with more than 194,655 residents within a ten-mile radius.

About Marcus & Millichap (NYSE: MMI)

With over 2,000 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 9,726 transactions in 2019 with a value of approximately $50 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.