Marcus & Millichap Arranges Sale of Net-Leased Casey’s Fuel Center (CEFCO) in Texas

RUSK, Texas, Nov. 25, 2024 - 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 net-leased Casey's Fuel Center property in Rusk, Texas.

"The tenant is a 2,900+ unit operator and ended up exercising their Right of First Refusal to purchase the property," said Chris Lind, senior managing director.

Lind, Mark Ruble and Zack House, investment specialists in Marcus & Millichap's Columbus and Phoenix offices, had the exclusive listing to market the property on behalf of the seller, a limited liability company. Tim Speck is Marcus & Millichap's broker of record in Texas.

Situated on 2.07 acres at 128 N. Dickinson Drive, the property includes 16 fueling stations and a 4,232-square-foot convenience store. Built in 2022, the tenant operates under a new absolute triple-net corporate lease with 13 years remaining. The asset is located on a signalized hard corner, with visibility from more than 17,600 vehicles per day. Nearby national tenants include Whataburger, Family Dollar and McDonald's.

# # #

About Marcus & Millichap, Inc. (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2023, the company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.