The property involved in this transaction is the Maverick Travel Center, a well-established truck stop situated on a 10-acre site in Santo, Texas. The sale price was $10,075,000, and the property boasts a total square footage of 10,000, equating to a price per square foot of $1,007. The location is strategically along a major transportation route, making it a high-traffic area for travelers and truckers.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $10,075,000
• Square Footage: 10,000
• Price Per Square Foot: $1,007
• Address: 14100 South US Highway 281
• Market: Santo
• Brokers: Ameer Adel & Jacob Luna - Marcus & Millichap

Ameer Adel and Jacob Luna from Marcus & Millichap’s Luna-Thakor Group represented both the buyer and seller in this transaction. The buyer is a prominent player in the convenience store and travel center industry, further enhancing their portfolio with this acquisition in the c-store sector. The Maverick Travel Center remains an essential hub for travelers, poised for growth under the new ownership, emphasizing strategic expansion in key locations.