Chicago, IL (June 25th, 2021) – Quantum Real Estate Advisors, Inc. has brokered the sale of a single-tenant 7-Eleven located at 4704 Golden Gate Parkway, Naples, FL. The property sold for $6,074,640. At the time of sale, there were roughly 14 years remaining on the 7-Eleven lease. 7-Eleven had recently signed a new, 15-year lease, showing further commitment to the location. The seller was a Midwest-based real estate investor and developer. The buyer was a California-based 1031 exchange buyer. Dan Waszak, Executive Vice President of Quantum Real Estate Advisors, Inc., and Zack Hilgendorf, Executive Vice President of Quantum Real Estate Advisors, Inc. represented the seller in the transaction.
Mr. Waszak had the following comments regarding the transaction, “The seller was looking to capitalize on the high demand for necessity/essential retail properties by selling at a significant premium to what he had paid for the property. Gas station and c-store properties continue to see high transaction volumes and lower cap rates.” Mr. Hilgendorf added, “this was an attractive acquisition for the buyer as she was able to take accelerated depreciation on this asset, further enhancing the after-tax return.”
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.