Chicago, IL (October 1st, 2021) – Quantum Real Estate Advisors, Inc. has brokered the sale of a single-tenant absolute net-leased 7-Eleven located on the northeast corner of Route 50 and Naylor Mill Road in Salisbury, Maryland. The +/-5,000 square foot property sold for $5,500,000. The buyer, represented by Executive Vice President of Quantum Real Estate Advisors, Inc., Daniel Waszak, was a 1031 buyer based out of New York. The seller, Core Acquisitions, an acquisition, and development company based in Chicago, was represented by Chad Firsel, President of Quantum Real Estate Advisors, Inc. Core has completed many 7-Eleven build-to-suits and other preferred developments in the recent past. In this case, Core completed the land acquisition, development, construction, and ultimate sale within a 12-month timeframe, during the COVID-19 pandemic.
Mr. Waszak had the following comments regarding the transaction, “The buyer already owns one other 7-Eleven and is very happy with the asset.” Mr. Waszak continues, “This was part of a 1031 acquisition for the buyer and completed the ‘up-leg’ portion of the exchange.” Mr. Firsel added, “The investment grade rating of the tenant coupled with 7-Eleven’s essential needs status has made this one of the hottest brands in the net-lease investment space.”
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.