Marcus & Millichap Arranges The Sale Of A 11,200 SF Net-Leased Property

10/10/17

Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of CVS Pharmacy, a 11,200-square foot net-leased property located in Vidor, Texas, according to Kyle Palmer, Regional Manager of the firm’s Fort Worth office.

Philip Levy, Senior Managing Director Investments and Chris Gainey, Senior Associate in Marcus & Millichap’s Fort Worth office, had the exclusive listing to market the property on behalf of the seller, a private investor. After leveraging an expansive local, regional and national marketing plan Mr. Levy and Mr. Gainey sourced multiple offers. The buyer, a private investor from the west coast, was secured by Mr. Levy and Mr. Gainey.

CVS Pharmacy is located at 1295 N Main Street in Vidor, Texas. The subject property sits on the signalized hard corner of North Main Street and Tram Road, less than one mile north of Interstate 10. The subject property is directly across the street from Walgreens, and Walmart and Brookshire Brothers grocery store sit on the northeast corner of North Main and Tram. Other national and regional retailers in the area include O’Reilly Auto Parts, AutoZone, Jack in the Box, Dollar General, Ace Hardware, Anytime Fitness, Casa Ole’, Domino’s Pizza and others.

About Marcus & Millichap (NYSE: MMI)

With over 1,700 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 over 9,000 transactions in 2016 with a value of approximately $42.3 billion. The company 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

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