Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of a Net-Leased Stop & Shop Fueling Station, located in Attleboro, MA. The asset sold for $2,000,000.00

Laurie Ann Drinkwater, first vice president investments in Marcus & Millichap’s Boston office and Seth J. Richard, first vice president investments in Marcus & Millichap’s Manhattan office had the exclusive listing to market the property on behalf of the seller, a regional developer. The property is located at 485 Pleasant St in Attleboro, MA and is an out parcel to the Stop & Shop grocery store that it was developed to service. Well located in the dominant retail corridor, Stop & Shop completed a renovation in 2010.

“This was an excellent opportunity to own a fundamentally sound piece of real estate leased to a very strong tenant with zero management responsibility”, stated Drinkwater. “The prime location and increases in rent ensure long term success for the investor”, added Richard.

About Marcus & Millichap (NYSE: MMI)

With nearly 2000 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 9,472 transactions in 2018 with a value of approximately $46.4 billion. Marcus & Millichap 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.