Marcus & Millichap Brokers $7.3M Sale of Retail Building Leased to 7-Eleven in Alice, Texas
Why this matters
Retail has become a quiet outperformer. A decade of effectively zero new development has left necessity-driven, grocery-anchored, and Sun Belt strip product with negligible vacancy and re-leasing spreads in the high single digits. Cap rates have compressed in step, and the bid for stabilized portfolios is again broad across REITs, pension funds, and institutional core-plus capital. The asset class has effectively rerated as a defensive yield trade rather than a secularly challenged sector.
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On the RET wire
- Disclosed retail deal value tracked in November 2026: $40.3M across 2 reported transactions. All Retail coverage →
- 120 stories mentioning Marcus & Millichap on the wire in the past 90 days. Marcus & Millichap coverage →
Computed from Real Estate Trail’s own tracked coverage
ALICE, TEXAS — Marcus & Millichap has brokered the $7.3 million sale of a 4,874-square-foot retail building in Alice, about 50 miles west of Corpus Christi, that is leased to 7-Eleven. The building was constructed on…
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