Absolute Triple Net Lease | PDQ Restaurant | Pinellas Park

Located on Park Boulevard in Pinellas Park, Florida, the Subject Property offers an absolute NNN freestanding retail investment and is ideally located on State Road 694 in the midst of a thriving commercial district. Downtown Saint Petersburg, St. Pete-Clearwater International Airport, Clearwater, Tampa, and some of the best beaches in the United States are all within close proximity driving traffic by the Subject Property. Convenient access to US-19 and I-275 makes for easy travel throughout the Tampa/St. Pete MSA. Pinellas Park has experienced population growth greater than 13% since the year 2000 and is expected to experience even further growth with current trends showing 1,000 people moving to Florida every day. Median household incomes are up over 6% while property values have increased nearly 350% since 2000. Pinellas Park is primed to see continued growth in all areas of the local economy which will certainly benefit the Subject Property and Tenant.This exceptional investment opportunity features a 3,309-square-foot free-standing building operating as a quick-service restaurant under the PDQ tradename. The property is subject to a 20-year, absolute net lease with just over 10 years remaining on the initial term and five, five-year renewal options. Under this absolute net structure, the tenant is responsible for all costs and expenses including property taxes, insurance, and maintenance of the roof and structure. Investors will benefit from fixed rental increases every five years throughout the initial term and within each option period, providing a hedge against inflation. The lease is further strengthened by a corporate guaranty from PDQ. Ideally located on 1.34 acres along Park Boulevard, this passive investment offers long-term stability with zero landlord responsibilities.