New Listing: PDQ in St. Petersburg, FL
?
Price: $3,725,000 | Cap Rate: 5.65%
?
Investment Highlights:
-2012 Build to Suit for PDQ | 3,870-SF Building on a +/-1.15 Acre Parcel
-Absolute Net Lease With 11 Years Remaining
-10% Rental Increases Every 5 Years in Base Term and in Each of Four, 5-Year Renewal Options
-No Landlord Responsibilities
Tenant Highlights
-PDQ Has 57 Locations Across 4 States, With 51 Locations in Florida
-PDQ Was Founded in 2011 By Outback Steakhouse Co-Founder
-In 2024, PDQ Launched New Samsung Digital Kiosks for In-Store Self Ordering and Payment
Location Highlights:
-Property Features Lighted Signage With Excellent Visibility and a Dedicated Turn Lane From 4th Street North
-Two Points of Ingress and Egress With Ample Parking and a Drive-Thru Lane
-Situated in a Dense Retail and Residential Corridor, Near Multiple Condo and Apartment Developments
-Dense Traffic Area Along 4th Street N/US-92, Seeing 35,550 Vehicles Per Day
-Close Proximity to Multiple National Tenants Including Publix, Whole Foods, Fresh Kitchen, Chick Fil A, Applebees, Wells Fargo, Walgreens, CVS, McDonald’s, Crunch Fitness, Office Depot, Bank of America and More
-Strong Demographics: Population Exceeds 231,500 Within 5 Miles and Projected to Increase by 2028 | Daytime Population of 238,400+ and Average Household Incomes of $101,800 Within 1 Mile
-3 Miles From Downtown St. Petersburg and 20 Miles From Tampa International Airport
Call Lead Agent Quinn Ryan for more information!
#Retail #PDQ #MarcusMillichap