Absolute Triple Net Lease | PDQ Restaurant | Pinellas Park

Investment 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 over 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.

Investment Highlights

• Just under 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
• Hard Stop Corner with two (2) means of ingress & egress