Restaurant
PDQ Chicken
4526 4th St N, St. Petersburg, FL 33703
Listing Price: $3,725,000
Cap Rate
5.65%
Tenant Name
PDQ
Years Remaining On Lease
10.7
Gross SF
3,870
Guarantor
Corporate Guarantee
Rentable SF
3,870
Price/Gross SF
$962.53
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$54.40
Investment Overview
Marcus & Millichap is pleased to bring to market the offering for PDQ in St. Petersburg, FL.
PDQ Chicken
Investment Highlights
- 2012 Build to Suit for PDQ | 3,870-SF Building on a +/-1.15 Acre Parcel
- Absolute Net Lease With 11 Years Remaining | 10% Rental Increases Every 5 Years in Base Term and in Each of Four, 5-Year Renewal Options | No Landlord Responsibilities
- PDQ Has 57 Locations Across 4 States, With 51 Locations in Florida | PDQ Was Founded in 2011 By Outback Steakhouse Co-Founder | In 2024, PDQ Launched New Samsung Digital Kiosks for In-Store Self Order
- Property Features Lighted Signage With Excellent Visibility and a Dedicated Turn Lane From 4th Street North
- Two Points of Ingress and Egress With Ample Parking and a Drive-Thru Lane
- Situtated in a Dense Retail and Residential Corridor, Near Multiple Condo and Apartment Developments | Dense Traffic Area Along 4th Street N/US-92, Seeing 35,550 Vehicles Per Day
- Close Proximity to Multiple National Tenants Including Publix, Whole Foods, Fresh Kitchen, Chick Fil A, Applebees, Wells Fargo, Walgreens, CVS, McDonald's, Crunch Fitness, Office Depot, Bank of America and More
- Strong Demographics: Population Exceeds 231,500 Within 5 Miles and Projected to Increase by 2028 | Daytime Population of 238,400+ and Average Household Incomes of $101,800 Within 1 Mile
Exclusively Listed By
Financing By
Listing Price: $3,725,000
Cap Rate
5.65%
Tenant Name
PDQ
Years Remaining On Lease
10.7
Gross SF
3,870
Guarantor
Corporate Guarantee
Rentable SF
3,870
Price/Gross SF
$962.53
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$54.40
Investment Highlights
- 2012 Build to Suit for PDQ | 3,870-SF Building on a +/-1.15 Acre Parcel
- Absolute Net Lease With 11 Years Remaining | 10% Rental Increases Every 5 Years in Base Term and in Each of Four, 5-Year Renewal Options | No Landlord Responsibilities
- PDQ Has 57 Locations Across 4 States, With 51 Locations in Florida | PDQ Was Founded in 2011 By Outback Steakhouse Co-Founder | In 2024, PDQ Launched New Samsung Digital Kiosks for In-Store Self Order
- Property Features Lighted Signage With Excellent Visibility and a Dedicated Turn Lane From 4th Street North
- Two Points of Ingress and Egress With Ample Parking and a Drive-Thru Lane
- Situtated in a Dense Retail and Residential Corridor, Near Multiple Condo and Apartment Developments | Dense Traffic Area Along 4th Street N/US-92, Seeing 35,550 Vehicles Per Day
- Close Proximity to Multiple National Tenants Including Publix, Whole Foods, Fresh Kitchen, Chick Fil A, Applebees, Wells Fargo, Walgreens, CVS, McDonald's, Crunch Fitness, Office Depot, Bank of America and More
- Strong Demographics: Population Exceeds 231,500 Within 5 Miles and Projected to Increase by 2028 | Daytime Population of 238,400+ and Average Household Incomes of $101,800 Within 1 Mile
Investment Overview
Marcus & Millichap is pleased to bring to market the offering for PDQ in St. Petersburg, FL.
Exclusively Listed By
Financing By
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