NEWS

The Levy Retail Group arranges the sale of Walnut Creek Retail Center

Walnut-Creek

MANSFIELD, TEXAS, September 28, 2016 – 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 Walnut Creek Retail Center, a 7,894-square foot retail property located in Mansfield, Texas, according to Kyle Palmer, Regional Manager of the firm’s Fort Worth office.

Philip Levy, Senior Director 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.

Walnut Creek Retail Center is located at 900 North Walnut Creek Drive in Mansfield, Texas. The subject property is a 7,894-square foot multi-tenant retail center that is 100 percent occupied and all leases are triple net. Tenants consist of Eagle Postal, Asian Therapy, iDoctor Repair Service, Loan Depot, USA Nails and Mansfield Flooring. The building was constructed in 1999 and sits on 0.82 acres.

The subject property is located on North Walnut Creek Drive just south of U.S. Highway 287. The property is an out parcel to Walmart Supercenter and near numerous national and regional tenants that line the Highway 287 retail corridor, including Big Lots, Chick-fil-A, Walgreens, Ace Cash Express, CiCi’s Pizza, Chase Bank, T-Mobile, Popeyes, Best Western, McDonald’s, Taco Bell, Chicken Express, Discount Tire, Panda Express, In-N-Out Burger, Sports Authority, Bed Bath & Beyond, The Home Depot, Staples, Target, Ross Dress for Less and many more.

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About Marcus & Millichap (NYSE: MMI)

With over 1,600 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 8,700 transactions in 2015 with a value of approximately $37.8 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