Marcus & Millichap Brokers Sale of Gas Station in MO
Marcus & Millichap closed the sale of an absolute triple-net lease Kum & Go, a 5,118-square foot net-leased property located in Sarcoxie, Missouri. The asset went under contract to close in 52 days and sold all cash for $2. 4 million.
Senior Managing Directors Austin Weisenbeck and Sean Sharko, along with Senior Associate Timothy Nichols, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The team also secured and represented the buyer, an out-of-state private investor. David Saverin, regional manager and Broker of Record of Missouri, assisted in closing the transaction.
The Kum & Go is located at 2577 High Street, off Interstate 44. The triple-net lease offers annual rental increases and a corporate guarantee. It is an established store that has been in business at this location for 16 years.
Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories.
With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.