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 a Dollar General in La Porte, 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.

“We generated five high-quality offers, proceeded to a best-and-final offer round, and ultimately chose a buyer who committed to a non-refundable deposit of $50,000 on the first day, and offered a price above our asking price,” said Knipp.

Dollar General has operated at this location, in a growing Houston suburb, for more than 23 years.

Dollar General is located at 10405 W Fairmont Parkway, La Porte, TX 77571.