Fort Lauderdale, FL – Calkain Companies, America’s Net Lease Company, has sold another PDQ restaurant property bringing to five the number of PDQ’s the firm has sold on behalf of the parent corporation and its related entities. The property, outside Jacksonville, Florida, traded for $3,000,000.00.
PDQ is becoming a better known national chicken concept as they now have nearly 60 units operating in eight states,” said Patrick Nutt, Managing Partner at Calkain.
“Investors seem to have an affinity for the quality real estate and high traffic generated at a PDQ location, and with the growing brand comes improving creditworthiness, all positives for a passive real estate investment.”
Calkain found the buyer, a 1031 exchange buyer based in Florida, and helped coordinate a back to back closing. “The buyer did not want to waste any time in selling one investment property and buying another,” said Doug Aronson, Managing Director at Calkain who co-brokered the transaction. “Since this was a sale-leaseback with PDQ, his income will start immediately with a brand new 15-year lease.”
PDQ is a national fast casual chicken concept from the founders of Outback Steakhouse. Calkain has three more PDQ’s for sale in Florida and Georgia. Click here for a link to the marketing packages or contact Doug and Patrick for more information.
Calkain Companies is a commercial real estate brokerage firm which specializes in assisting buyers and sellers with single and multi-tenant net leased properties through all aspects of the transaction including advisory, brokerage, debt placement, equity placement, asset management and research. Calkain has a national platform with multiple office locations throughout the entire East Coast. Additional information about the firm and listings may be found at calkain.com.