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Quantum Real Estate Advisors brokered the sale of a Schnucks grocery store located in Rockford, IL, with both buyer and seller based in California

Schnucks Supermarket in Rockford Trades to California Investor

Quantum Real Estate Advisors brokered the sale of an 82,500-square-foot single-tenant NNN Schnucks grocery store located at 2642 Charles St., Rockford, IL, for an undisclosed sum. EVP Dan Waszak and VP Brett Berlin represented the seller, a California-based developer. The buyer was a private institutional investor, also based in California. 

“The buyer was able to acquire a high performing single tenant grocery chain at an attractive yield,” said Berlin. “This was a double escrow deal, and the buyer was able to work diligently with our client in successfully purchasing the asset on a tight timeline.” 

Added Waszak, “This is yet another example of the resiliency of high-quality retail real estate. Necessity-based retail is still an important part of the net-leased asset class.” 

Originally built in the 1950s, the property underwent a full rehab. The tenant is a St. Louis-based grocery chain with more than 100 locations across four states. 

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Inside The Story

Quantum Real Estate Advisors

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 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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