Marcus & Millichap closes sale of 5,200-square-foot net-leased property in Dallas area

Marcus & Millichap recently brokered the sale of QuikTrip, a 5,200-square-foot net-leased property in Wylie, Texas.

Senior Managing Directors Austin Weisenbeck and Sean R. Sharko and Senior Associate Timothy Nichols, all investment specialists in Marcus & Millichap’s Chicago Oak Brook office, along with Associate Luke Sullivan, investment specialist in the Dallas office, had the exclusive listing to market the property on behalf of the seller, a private investor.

Tim Speck, Regional Manager, Broker of Record of Texas, assisted in closing this transaction.

QuikTrip is located at 3459 FM 544 in Wylie. The area is included in the Dallas Metropolitan Statistical Area and has witnessed remarkable growth, with the population surging by an impressive 864% since the year 2000.

This property is surrounded by numerous retailers, including a highly frequented ALDI, and is amidst various new retail developments. The absolute triple-net lease incorporates rental increases every five years during the base term, along with a corporate guarantee.