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.”
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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