The Knipp Wolf Net Lease Group of Marcus & Millichap Announces the Sale of an Absolute Net Burger King in Greenville, Texas

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 an absolute net Burger King in Greenville, Texas according to Tim A. Speck, division manager in the firm’s Dallas office.

Vincent Knipp, Senior Managing Director Investments, in Marcus & Millichap’s Dallas office, had the exclusive listing to market the property on behalf of the seller.

“I was working two offers behind the scenes. I gave all diligence to both brokers, wanting to make sure we selected the best buyer because you really only get one shot in today’s market before pricing adjusts,” said Knipp.

The property, strategically located as an outparcel to a prominent Walmart Supercenter, is in a prime position in Greenville’s main retail corridor, which stretches along Interstate 30.

According to Knipp, “We’ve now sold the Burger King, Red Lobster, and the Chick-Fil-A at this intersection.”

Burger King is located at 7315 Interstate Hwy 30, Greenville, Texas 75402.