Chicago, IL (July 31, 2024) – Quantum Real Estate Advisors, Inc. has brokered the sale of a brand-new Chipotle in Millington, TN. The asset sold for $2,560,000 to a California-based 1031-trade buyer, who Quantum was able to procure through its extremely thorough marketing campaign. The seller, a Southeast-based developer, was represented by Zack Hilgendorf, Executive Vice President of Quantum Real Estate Advisors, Inc., and Nick Hilgendorf, Associate of Quantum Real Estate Advisors, Inc.
Zack Hilgendorf had the following comments regarding the transaction, “We were able to procure multiple offers for our client, who was glad to exit this project at an aggressive cap rate.” Nick Hilgendorf added, “Chipotle continues to be one of the most sought-after tenants for net-lease investors. Even with inflation at all-time highs, they continue to find ways to exceed their quarterly expectations, providing investors with excellent security.”
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.
