Property Details

PDQ

Pinellas Park (St. Petersburg), FL
Property ID: 2132

    Financial Summary

    Asking Price $2,727,250
    Cap Rate 5.50%
    Net Operating Income (NOI) $150,000
    Lease Type Ground Lease, NNN
    Lease Term Remaining 15 Years
    Increases Call For Details
    The Offering Memorandum for this property is no longer available.

    Contact

    Patrick R. Nutt
    Managing Partner
    703.787.4714

    Share Property

    Highlights

    • Brand new construction
    • 15 year NNN lease with increases every 5 years
    • Corporate guaranty
    • Strong traffic count on Park Blvd N (50,500 VPD)
    • Corporate guaranty from PDQ - operators are original Founders of Outback Steakhouse
    • Florida has no state income tax

    Net Lease Advisor

    For more information on this tenant, including averages, overview and credit ratings, visit NetLeaseAdvisor.com.

    Location

    4601 Park Blvd N
    Pinellas Park (St. Petersburg), FL

    Traci BidingerPDQ