Chicago, IL (February 26th, 2020) – Quantum Real Estate Advisors, Inc. has just completed the sale of a freestanding 2,158 square foot Wendy’s located at 2401 N. Illinois Rte. 23, Streator, IL. The property sold to a private investor based in Dubuque, IA for $1,574,000. The Seller was a Chicago based developer who specializes in net lease development. This was a brand new 20-year lease with Wendy’s that delivered in late 2019. Dan Waszak, Senior Vice President represented the Seller and Zack Hilgendorf, Senior Vice President of Quantum Real Estate Advisors, Inc. represented the buyer in the transaction.
Mr. Hilgendorf had the following comments regarding the transaction, “The buyer was looking to put some excess cash to work and with limited inventory of long-term net lease deals under $2,000,000 we were able to achieve excellent pricing.” Mr. Waszak added, “We were able to generate multiple offers to drive pricing on this asset for the Seller.” He continued “the robust demand for this asset shows the continued strength in the service oriented net lease market.”
Quantum Real Estate Advisors, Inc. (www.qreadvisors.com) specializes in investment sales brokerage, assisting clients in the acquisition and disposition of commercial real estate. Quantum has the capacity through strategic alliances to offer full-service leasing brokerage, receivership, management and financing.