4601 Park Blvd - Restaurant FOR SALE


Pinellas Park, FL 33781
$2,677,000 USD
352-631-4200
4601 Park Blvd, Pinellas Park, FL for Sale
$2,677,000 USD
Restaurant - FOR SALE
1/7
null | 6.5% Cap Rate

4601 Park Blvd
Pinellas Park, FL 33781


HIGHLIGHTS

  • Nearly 10 Years Remaining on Initial 20-year absolute NNN Lease Term
  • High Density Location Surrounded by National Retail Brands
  • Shadowed by Publix
  • Strong Traffic Count on Park Blvd N (59,500 vehicles/day)
  • Corporate Guaranty from PDQ
  • Florida Has No state Income Tax

OVERVIEW

This exceptional investment opportunity features a 3,309-square-foot free-standing building operating as a quick-service restaurant under the PDQ tradename. The property is subject to a 20-year, absolute net lease with just under 10 years remaining on the initial term and five, five-year renewal options. Under this absolute net structure, the tenant is responsible for all costs and expenses including property taxes, insurance, and maintenance of the roof and structure. Investors will benefit from fixed rental increases every five years throughout the initial term and within each option period, providing a hedge against inflation. The lease is further strengthened by a corporate guaranty from PDQ. Ideally located on 1.34 acres along Park Boulevard, this passive investment offers long-term stability with zero landlord responsibilities.

FOR SALE DETAILS

PRICE

$2,677,000 USD

PRICE/SF

$809 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

PDQ

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

56

LAND DETAILS

LAND ACRES

1.35 AC

LAND SF

58,806 SF

ZONING

B-1 - Commercial General

APN/PARCEL ID

27-30-16-10494-002-0010

ASK ABOUT THIS PROPERTY

Rob HenrySVN | Commercial PartnersMore Info
352-631-4200

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Rob HenrySVN | Commercial PartnersMore Info
352-631-4200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.