Property Map

Wendy’s

2401 N. Illinois Rte 23, Streator, IL
  • Property Type: Retail
  • Size: 2,158 Sq. Ft.
  • Date Closed: 02/24/2020

Challenges

• This was only the franchisees 10th location; the buyer had to get comfortable with the operations
• The property was in a tertiary market; less than 15,000 people in a 3-Mile radius
• Small building footprint with a very high price per foot ($764.59PSF); making it very challenging if it ever had to be re-leased to another tenant

Solutions

• We were able to leverage our National Database to focus on targeting local investors who owned other assets in the market
• We were able to get the buyer comfortable with the franchisee and his track record

Results

• The property closed at 95% of the listing price
• Quantum was able to find a local trade buyer who was comfortable with the market and franchise

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