Property Details

PDQ

Sarasota, FL
Property ID: 2098

    Financial Summary

    Asking Price $2,182,000
    Cap Rate 5.50%
    Net Operating Income (NOI) $120,000
    Lease Type NNN
    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

    • 15-year ground lease with increases every 5 years
    • Strong traffic count on Tamiami Trail (49,000 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

    5164 South Tamiami Trail
    Sarasota, FL

    Traci BidingerPDQ