Absolute Triple Net Lease | PDQ Restaurant | Pinellas Park
Corporate Guaranty | 6.33% Cap Rate
Marketing description
This PDQ restaurant presents an exceptional net-leased investment opportunity at 4601 Park Blvd N, Pinellas Park, FL 33781. This single-tenant absolute NNN offering features approximately 10 years remaining on the initial 20-year lease term, providing passive ownership with no landlord responsibilities. Backed by a corporate guaranty from PDQ, the asset offers stable in-place income of $174,000 annually ($14,500/month) with scheduled $12,000 rent increases every five years. Situated on a hard corner along heavily traveled Park Blvd N with traffic counts of approximately 59,500 vehicles per day, the 3,309 SF restaurant sits on 1.35 acres with two points of ingress and egress. The site benefits from strong visibility and access in a high-density retail corridor shadow-anchored by Publix and surrounded by major national brands including Walmart, McDonald’s, Chick-fil-A, Target, Home Depot, and more. Located in the dynamic Tampa Bay / St. Petersburg market, this property combines a strong real estate fundamental with the appeal of a growing fast-casual brand. Florida’s no state income tax environment further enhances the investment’s long-term appeal.
Investment highlights
- 10 Years Remaining on Initial 20-year Absolute NNN Lease Term
- High Density Location Surrounded by National Retail Brands
- Hard Corner with Two Means of Ingress & Egress
- Strong Traffic Count on Park Blvd N (59,500 vehicles/day)
- Corporate Guaranty from PDQ
- Florida Has No State Income Tax
- Shadowed by Publix
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