Cap Rate
5.70%
Leasable Area
4,324 SF
Term Remaining
±5 YRS
NOI
$204,000
Property Type
Retail
INVESTMENT HIGHLIGHTS
- Absolute NNN Fee Simple – ±5-years remaining on the initial term, with eight, 5-year options to renew.
- Nearby Major Retailers – Located on S Cleveland Avenue, the subject property is in close proximity to major retailers such as Wawa, Costco, Target, Total Wine & More, Bell Tower Mall, etc.
- Corporate Guaranty – PDQ has 57 locations across four states, with 51 locations in Florida. PDQ was founded in 2011 by Outback Steakhouse Co-Founder.
- Drive Thru Capability – Built in 2015, this location has one-drive thru lane, allowing excellent flow of traffic and quick access to services.
- Excellent Visibility – The subject property is situated on ±1.31 AC of land and faces S Cleveland Avenue, which sees ±54,000 VPD.
Broker of Record
- Kyle Matthews
- License No. CQ1066435 (FL)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 1600 West End,
Ste. 1500 Nashville, TN 37203