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 Schlotzsky's, a 2,816-square foot net-leased property located in Midlothian, 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.

“This was our 3rd Schlotzsky’s closed this year for a repeat client and was a restaurant and franchisee sale. The buyer liked the location of the restaurant, being in an up-and-coming area,” commented Knipp.

Schlotzsky's is located at 1141 George Hopper Rd in Midlothian, Texas. The center is shadow-anchored by LA Fitness and surrounded by numerous national and regional retailers including Albertsons, Belk, Trader Joe's, CVS Pharmacy, Bed Bath & Beyond, Kohl's, CATO, Dollar Tree, Discount Tire, Cinemark, Texas Roadhouse, Half Price Books, Hollywood Feed, Wendy's, Chipotle, Starbucks Coffee, and many more.

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.