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Chicago & Midwest   /   February 24, 2021

Paul Bubny
By: Paul Bubny

Quantum Brokers Sale of Single-Tenant Arby’s

Quantum Real Estate Advisors brokered the sale of a single-tenant Arby’s at 15765 S. Harlem Ave., Orland Park, IL. The property sold for just under $1,400,000.

The seller, a California-based development group, redeveloped a former Taco Bell and signed a new, 15-year, absolute net lease with an Arby’s franchisee. The buyer was a private investor, also from California.

Quantum EVPs Dan Waszak and Zack Hilgendorf represented the seller. “The long-term tenant invested significant capital into the building, opening with the latest high-end branding standard Arby’s has implemented nationally,” said Waszak. By signing a 15-year Lease, they showed significant commitment to the site.”

Hilgendorf added, “This transaction shows that there is investor demand for quality property with an essential use.”

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About the Author

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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