Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of IHOP (Corporate), a 5,074-square foot net-leased property located in Kingsport, TN, according to Michael J. Fasano, regional manager of the firm’s Atlanta office. The asset sold for $2,500,000.

Brian Munn, an investment specialist in Marcus & Millichap’s Atlanta office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. Regional Manager, Broker, assisted in closing this transaction.

IHOP (Corporate) is located at 1201 E Stone Dr in Kingsport, TN.

About Marcus & Millichap (NYSE: MMI)

With over 1,800 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 9,000 transactions in 2017 with a value of approximately $42.2 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com