Marcus & Millichap recently facilitated the sale of a highly desirable net-leased property in Sarcoxie, Missouri. The 5,118-square foot Kum & Go gas station was sold for $2.4 million in an all-cash transaction that closed within just 52 days.
The successful sale was orchestrated by Senior Managing Directors Austin Weisenbeck and Sean Sharko, along with Senior Associate Timothy Nichols from Marcus & Millichap’s Chicago Oak Brook office. These experienced investment specialists were responsible for marketing the property on behalf of the seller – a limited liability company – and also represented the out-of-state private investor who purchased it. Regional manager and Broker of Record for Missouri, David Saverin, played a crucial role in finalizing the deal.
Conveniently located at 2577 High Street near Interstate 44, this triple-net lease offers annual rental increases and comes with a corporate guarantee. This well-established store has been operating at this location for over sixteen years.
This recent transaction marks another successful deal brokered by Marcus & Millichap as they continue to be leaders in commercial real estate sales across various markets nationwide.
