Press Releases
Marcus & Millichap Brokers Sale of Newly Built Refuel Convenience Store in Pearsall, Texas
November 10, 2026
PEARSALL, Texas, Nov. 10, 2026 — Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of the newly constructed Refuel convenience store and gas station at 967 Interstate 35.
“Refuel has attracted significant attention following Getty Realty's $260.9 million sale-leaseback of 41 stores in September,” said Blake Burnett, senior director investments. “The Pearsall property was a separate, standalone sale that demonstrates demand extends beyond institutional buyers. This newly constructed Interstate 35 location sold close to asking price, outperforming comparable Refuel properties that required price reductions to sell. With both institutional and private buyers active in the sector, we expect demand for well-located convenience stores with long-term leases to remain strong.”
Burnett and Vince Knipp, investment specialists in Marcus & Millichap's Dallas office, exclusively marketed the property on behalf of the seller, a repeat client. Burnett, Knipp and Jake Stammen procured the buyer, a family-owned real estate firm.
The property was built in 2025 and comprises 4,800 square feet on 3.66 acres. The property has approximately 18.8 years remaining on its lease.
“Refuel has attracted significant attention following Getty Realty's $260.9 million sale-leaseback of 41 stores in September,” said Blake Burnett, senior director investments. “The Pearsall property was a separate, standalone sale that demonstrates demand extends beyond institutional buyers. This newly constructed Interstate 35 location sold close to asking price, outperforming comparable Refuel properties that required price reductions to sell. With both institutional and private buyers active in the sector, we expect demand for well-located convenience stores with long-term leases to remain strong.”
Burnett and Vince Knipp, investment specialists in Marcus & Millichap's Dallas office, exclusively marketed the property on behalf of the seller, a repeat client. Burnett, Knipp and Jake Stammen procured the buyer, a family-owned real estate firm.
The property was built in 2025 and comprises 4,800 square feet on 3.66 acres. The property has approximately 18.8 years remaining on its lease.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
