Chicago & Midwest + Greater Chicagoland + Net Lease | February 24, 2021

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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Connect With Quantum RE’s Waszak and Hilgendorf

About Paul Bubny

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. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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