The Knipp Wolf Net Lease Group of Marcus & Millichap Closes the Sale of a Triple-Net Lease EZPAWN in Brownsville, Texas

Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a triple-net lease EZPAWN in Brownsville, 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, a private developer.

The property is located at the signalized hard corner of International Boulevard and East Polk Street, where traffic counts exceed 24,168 vehicles per day. International Boulevard is one of the main thoroughfares in the city that leads to Matamoros, Mexico border crossings. Less than one mile from the property, Matamoros has a population of 571,000.

“This deal had good fundamentals—signalized hard corner in a strong market and a clean lease,” said Knipp. “The buyer put in an offer in mid-December and closed the deal two days after signing the purchase agreement.”

EZPAWN is located at 1444 International Boulevard in Brownsville, Texas.