• Marcus & Millichap brokered the sale of a net-leased Fogo de Chão restaurant property in Katy, Texas for $7.5 million.
• Deal valued the 8,573-square-foot asset at $874.84 per square foot; the restaurant was built in 2017 on 1.5 acres.
• Buyer was a California investor completing an all-cash 1031 exchange; seller was a developer.
• Property carries a triple-net lease with more than 13 years remaining; buyer plans to hold it long term.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Marcus & Millichap Inc. published the original content used to generate this news brief on August 19, 2026, and is solely responsible for the information contained therein.