Absolute Triple Net Lease | PDQ Restaurant | Sarasota
6.32% Cap Rate
Marketing description
This PDQ restaurant located at 5164 South Tamiami Trail, Sarasota, FL 34231 presents an exceptional net-leased investment opportunity in one of Southwest Florida’s most desirable and high-growth markets. This single-tenant, 4,496 SF absolute NNN restaurant sits on a prominent 1.54-acre hard-corner parcel along highly traveled US-41/Tamiami Trail, with exposure to approximately 49,000 vehicles per day. The property is leased to PDQ under a corporate-guaranteed absolute NNN structure, offering investors passive ownership with no landlord responsibilities. According to the investment highlights on page 3, the asset features 5 years remaining on the initial 15-year lease term, current NOI of $144,000, and built-in rent increases every five years, with five additional 5-year renewal options. Adjacent to Rooms To Go and surrounded by national and regional retailers shown on page 4, the site benefits from strong retail synergy, excellent visibility, and convenient access via two points of ingress and egress. Sarasota’s affluent demographics and continued population growth, detailed on pages 6 and 7, further strengthen the long-term appeal of this location. A rare opportunity to acquire a high-performing, corporate-backed asset in a premier Florida corridor.
Investment highlights
- 5 Years Remaining on Initial 15-year Absolute NNN Lease Term
- Contiguous to Rooms to Go Furniture Showroom
- Hard Corner with Two Means of Ingress & Egress
- Strong Traffic Count on US-41/Tamiami Trail (49,000 vehicles/day)
- Corporate Guaranty from PDQ
- Florida Has No State Income Tax
- Exceptional Store Financials
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