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32293990
32293992

5164 South Tamiami Trail, Sarasota, FL 34231

AB
FL BK3231913
SVN | Commercial Partners
RH
FL SL3423717
SVN Commercial Partners
RL
NY NY 30LE1139647
SVN | Hamm & Company Stamford
Listed by SVN | Commercial Partners, SVN Commercial Partners, SVN | Hamm & Company Stamford
Unpriced
66 days on market
Updated 5 days ago
Under Contract

Absolute Triple Net Lease | PDQ Restaurant | Sarasota

Details
Property Type Retail
Sub Type Restaurant
Square Footage 4,496
Net Rentable (SqFt) 4,496
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 05/27/2031
Remaining Term 4.9
Rent Bumps Yes
Lease Options Five (5) Renewal Options of Five (5) Years Each
Year Built 2013
Acreage 1.540
Zoning CI - COMMERCIAL, INTENSIVE
Parking Spaces 63 spaces
Parking per 1,000 SqFt 14.01
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 05/27/2016
Ground Lease No

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

Listing Contacts

AB
FL BK3231913
SVN | Commercial Partners
RH
FL SL3423717
SVN Commercial Partners
RL
NY NY 30LE1139647
SVN | Hamm & Company Stamford
Listed by SVN | Commercial Partners, SVN Commercial Partners, SVN | Hamm & Company Stamford

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Loan Amount
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$144,000.00
$12,000.00/mo

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Zoning

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CI CommercialSpecial CommercialCommercial Intensive
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Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics

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