Marcus & Millichap Arranges Sale of Three-Property Freddy’s Frozen Custard Portfolio in Illinois

ILLINOIS, Aug. 31, 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 of three net-leased Freddy's Frozen Custard properties in Illinois. The properties collectively sold for $5,760,200.

"Demand for well-located net lease assets throughout the Midwest remains steady, driven largely by 1031 exchange buyers and out-of-state investors," said Owen Loomis, associate investments. "Retail assets with strong tenant credit and attractive locations continue to be highly sought after and are attracting immediate interest from parties nationwide."

Loomis, Alex Perez and Chris Garavaglia, investment specialists in Marcus & Millichap's St. Louis office, marketed the property on behalf of the seller, a private investment group.

The portfolio consisted of three corporate-guaranteed Freddy's restaurants located at 301 N. Bluff Road in Collinsville, 5570 Belleville Crossing St. in Belleville and 101 Potomac Blvd. in Mount Vernon. The properties are shadowed by major national retailers, including Target, Home Depot and Walmart. The portfolio sold for 96% of the asking price.

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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.