Quantum Real Estate Advisors, Inc. Brokers Sale of a Freestanding Starbucks in Dubuque, IA

Chicago, IL (December 21, 2023) – Quantum Real Estate Advisors, Inc. has brokered the sale of a brand-new Starbucks in Dubuque, IA. The asset sold for $2,570,000 at a 6.10% cap rate. The seller, a Midwest-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. The buyer was a Midwest-based investor and was represented by Steve Moore.

Zack Hilgendorf had the following comments regarding the transaction, “We were able to procure multiple offers shortly after taking the asset to market. This can be credited to our understanding of our capital markets, in addition to our clients’ realistic expectations during uncertain market conditions.” Nick Hilgendorf added, “It was great to work with a local buyer who understands the strength of the Dubuque retail market. Being located across the street from a highly trafficked Hy-Vee, Starbucks is situated to do extremely well at this location.”

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.

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