Log In/Sign Up
Your email has been sent.
PDQ 4601 Park Blvd 3,309 SF Retail Building Pinellas Park, FL 33781 $3,721,003 CAD ($1,124.51 CAD/SF) 6.50% Cap Rate
Investment Highlights
- Nearly 10 Years Remaining on Initial 20-year absolute NNN Lease Term
- Shadowed by Publix
- Corporate Guaranty from PDQ
- High Density Location Surrounded by National Retail Brands
- Strong Traffic Count on Park Blvd N (59,500 vehicles/day)
- Florida Has No state Income Tax
Executive Summary
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.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,309 SF
Building Class
B
Year Built/Renovated
1998/2016
Price
$3,721,003 CAD
Price Per SF
$1,124.51 CAD
Cap Rate
6.50%
NOI
$241,858 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.00 AC
Zoning
B-1 - Commercial General - "B-1" General Commercial District
Parking
56 Spaces (18.89 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- 3,309 SF
- $73.09 CAD
- Triple Net
- May 2036
The company began in Tampa in 2011, founded by Bob Basham and Nick Reader. PDQ Chicken built around hand-breaded chicken tenders, nuggets, sandwiches, wraps, salads, shakes, and catering, pairing made-to-order meals with a fast-casual format. The business now serves guests across Florida, North Carolina, New Jersey, and New York while maintaining a focus on chicken-centered menu offerings and community fundraising.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 3,309 SF | $73.09 CAD | Triple Net | May 2036 |
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 27-30-16-10494-002-0010 | Improvements Assessment | $1,172,057 CAD |
| Land Assessment | $1,093,323 CAD | Total Assessment | $2,265,380 CAD |
Property Taxes
Parcel Number
27-30-16-10494-002-0010
Land Assessment
$1,093,323 CAD
Improvements Assessment
$1,172,057 CAD
Total Assessment
$2,265,380 CAD
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
PDQ | 4601 Park Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.