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 4751 N Belt Line Rd, a 4,580-square foot shell gas station and convenience store located in Mesquite, Texas, according to Mark R. McCoy, regional manager of the firm’s Fort Worth office.
Jacob Luna, Associate in Marcus & Millichap’s Fort Worth office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a limited liability company, was also secured and represented by Luna.
Utilizing Marcus & Millichap’s platform, Jacob Luna was able to procure 14 offers during a tight marketing time frame, with offers coming from both local and out-of-state buyers. A local buyer, who owns multiple C-store locations throughout DFW, was selected and closed the transaction just 45 days from going under contact. The local buyer was impressed with the overall quality, size and future potential in the property, and has big plans for the store. The property consisted of 4 MPD’s and 8 fueling stations. The property also included a drive through car wash.
Shell Gas Station is located at 4751 N Belt Line Rd in Mesquite, Texas. The subject property sits on .99 acres of land and is equipped with a commercial kitchen for a restaurant with a seating area and drive through window.
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.
