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LUBBOCK, TEXAS — Marcus & Millichap has arranged the sale of a retail property located at 7901 University Ave. in Lubbock. The 2,807-square-foot property was acquired by an individual/private trust in a 1031 exchange for an undisclosed sum. The property is net-leased to Dunkin’ Donuts and Baskin-Robbins. Michael Buckner and Richard Mireles of Marcus & Millichap represented the seller, a limited liability company, while Bruce Bentley III and Douglas Diffie, also of Marcus & Millichap, represented the buyer in the transaction.