Chicago, IL (June 24th, 2021) – Quantum Real Estate Advisors, Inc. has just completed the sale of a freestanding 10,000 square foot ULTA Beauty located at 551 East Markey Parkway, Belton, MO. The property sold for $2,430,000. There were approximately 8 years left on the initial 10-year lease at the time of sale. The Seller was a Kansas City-based developer who specializes in acquiring and developing shopping centers across the country. Zack Hilgendorf, Executive Vice President of Quantum Real Estate Advisors, Inc. represented the seller in the transaction.
The selling broker, Mr. Zack Hilgendorf said, “Big-box retail is still favorable amongst investors, especially a tenant that is so highly regarded such as ULTA; This transaction is yet another example of the continued strength of the net-lease market.”
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.