Restaurant

PDQ

Listing Price: $3,310,000

Cap Rate
5.80%
Tenant Name
PDQ
Years Remaining On Lease
9.40
Gross SF
4,295
Guarantor
Corporate Guarantee
Rentable SF
4,295
Price/Gross SF
$770.66
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$44.70

Investment Overview

Marcus & Millichap is pleased to present this absolute triple-net leased PDQ in Fort Myers, Florida. PDQ has 10 years remaining on a corporate guaranteed lease with no landlord responsibilities. The property is on a huge 1.28-acre parcel with newer 2015 construction and impeccably maintained premises. PDQ is located on US 41, the main retail and business thoroughfare, boasting over 58,000 cars per day. The subject property is situated just 1,500 feet from the College Parkway intersection, with a combined traffic count of over 94,000 cars per day. It is the most southern route to one of the only bridges to the Cape Coral peninsula. The Fort Myers market is a popular tourist destination and receives over 1.8 million visitors each year. Fort Myers is also a significant second-home market partly due to its convenient proximity to major cities, such as Miami and Tampa, which are both less than two hours away. World-class fishing, award-winning beaches, no state income taxes, and year-round beautiful weather are attracting new residents and visitors to this area at record-breaking pace.

Investment Highlights

  • Located on US 41, the Main Retail and Business Thoroughfare, 58,000 Cars Daily
  • Absolute NNN Lease with No Landlord Responsibilities
  • Newer 2015 Construction Impeccably Maintained Premises

Exclusively Listed By

Listing Price: $3,310,000

Cap Rate
5.80%
Tenant Name
PDQ
Years Remaining On Lease
9.40
Gross SF
4,295
Guarantor
Corporate Guarantee
Rentable SF
4,295
Price/Gross SF
$770.66
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$44.70

Investment Highlights

  • Located on US 41, the Main Retail and Business Thoroughfare, 58,000 Cars Daily
  • Absolute NNN Lease with No Landlord Responsibilities
  • Newer 2015 Construction Impeccably Maintained Premises

Investment Overview

Marcus & Millichap is pleased to present this absolute triple-net leased PDQ in Fort Myers, Florida. PDQ has 10 years remaining on a corporate guaranteed lease with no landlord responsibilities. The property is on a huge 1.28-acre parcel with newer 2015 construction and impeccably maintained premises. PDQ is located on US 41, the main retail and business thoroughfare, boasting over 58,000 cars per day. The subject property is situated just 1,500 feet from the College Parkway intersection, with a combined traffic count of over 94,000 cars per day. It is the most southern route to one of the only bridges to the Cape Coral peninsula. The Fort Myers market is a popular tourist destination and receives over 1.8 million visitors each year. Fort Myers is also a significant second-home market partly due to its convenient proximity to major cities, such as Miami and Tampa, which are both less than two hours away. World-class fishing, award-winning beaches, no state income taxes, and year-round beautiful weather are attracting new residents and visitors to this area at record-breaking pace.

Exclusively Listed By

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