Chicago, IL (April 26th, 2021) – Quantum Real Estate Advisors, Inc. has brokered the sale of a single-tenant CVS Pharmacy located at 2500 Lebanon Pike in Nashville, TN. The property sold for $3,850,000. CVS had recently renewed its lease, committing to an additional 10-year term. The Seller was a local based investor. The buyer was a group based on the west coast. Zack Hilgendorf, Executive Vice President and Dan Waszak, Executive Vice President of Quantum Real Estate Advisors, Inc., represented the Seller in the transaction.
Mr. Hilgendorf had the following comments regarding the transaction, “This is yet another example of the resilient net lease sector. CVS’s recent long-term commitment shows the continued need for retail locations.” Mr. Waszak added, “CVS has been able to set itself apart as a truly essential retailer. The capital markets have recognized this as we continue to growing demand and transaction volume on CVS assets.”
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.