M&M BROKERS SALE OF NET-LEASED CHASE BANK IN COPPELL

COPPELL, TEXAS — Marcus & Millichap has arranged the sale of a net-leased Chase Bank location in Coppell, a suburb located approximately 20 miles northwest of downtown Dallas. At the time of sale, 15 years remained on the tenant’s 20-year ground lease, which includes 5 percent rent increases every five years. The property totals 30,778 square feet at 134 N. MacArthur Blvd., adjacent to CVS and Kroger. Jason Vitorino of Marcus & Millichap’s Dallas office marketed the property on behalf of the seller, a private investor, and also secured the buyer, a New York City-based limited liability company.