Marcus & Millichap Inc.
08/24/2026 | Press release | Distributed by Public on 08/24/2026 16:07
Marcus & Millichap Arranges Sale and Financing of Starbucks Property in Brownsville, Texas
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Marcus & Millichap Arranges Sale and Financing of Starbucks Property in Brownsville, Texas
August 24, 2026
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BROWNSVILLE, Texas, Aug. 24, 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 and financing of a newly constructed, 2,225-square-foot Starbucks property in Brownsville, Texas. Marcus & Millichap Capital Corporation (MMCC), a subsidiary of Marcus & Millichap, arranged the acquisition financing.
"The client came to me with one of the most specific briefs I've received from a buyer - a Starbucks-tenanted property in Texas at a 6.5% cap rate," said Sebastian Davis, associate director investments. "In today's net lease market, that's a needle in a haystack. We found it. We submitted an offer early, stayed disciplined when the seller wasn't ready to meet our number and, six weeks later, they came back to us. We moved quickly and closed in under 60 days with full financing. Patience, conviction and execution. That's the deal."
Davis, an investment specialist in Marcus & Millichap's Houston office, represented the buyer, a Houston-area entrepreneur and commercial real estate investor, in the acquisition. The seller was the property's original developer.
Ford Roberts, associate director, capital markets, based in the firm's Houston office, secured the financing on behalf of the buyer. MMCC was engaged early in the transaction and navigated complex lender requirements to facilitate the closing. "We were able to secure a 5.99% fixed rate on a five-year loan with a national bank," said Roberts. This was a strong outcome in the current rate environment and allowed our client to lock in attractive financing on a high-quality net lease asset."
The property is located at 2055 U.S. Highway 281. Built in 2026, the 2,225-square-foot Starbucks sits on 0.89 acres and is subject to a long-term absolute net lease. The buyer plans to hold the property as a long-term investment as he continues to expand his commercial real estate portfolio.
"The client came to me with one of the most specific briefs I've received from a buyer - a Starbucks-tenanted property in Texas at a 6.5% cap rate," said Sebastian Davis, associate director investments. "In today's net lease market, that's a needle in a haystack. We found it. We submitted an offer early, stayed disciplined when the seller wasn't ready to meet our number and, six weeks later, they came back to us. We moved quickly and closed in under 60 days with full financing. Patience, conviction and execution. That's the deal."
Davis, an investment specialist in Marcus & Millichap's Houston office, represented the buyer, a Houston-area entrepreneur and commercial real estate investor, in the acquisition. The seller was the property's original developer.
Ford Roberts, associate director, capital markets, based in the firm's Houston office, secured the financing on behalf of the buyer. MMCC was engaged early in the transaction and navigated complex lender requirements to facilitate the closing. "We were able to secure a 5.99% fixed rate on a five-year loan with a national bank," said Roberts. This was a strong outcome in the current rate environment and allowed our client to lock in attractive financing on a high-quality net lease asset."
The property is located at 2055 U.S. Highway 281. Built in 2026, the 2,225-square-foot Starbucks sits on 0.89 acres and is subject to a long-term absolute net lease. The buyer plans to hold the property as a long-term investment as he continues to expand his commercial real estate portfolio.
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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.
Marcus & Millichap Inc. published this content on August 24, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on August 24, 2026 at 22:07 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]