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Views: 96 Updated: 07.09.24 Posted: 12.06.23 Status: Inactive 10.03.24

Summary

Price $5,200,000
Built/Renov 2023
Tenant PDQ
Cap Rate 6.25%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 2,837
Lease Start 12-01-2023
#Units 67
Price/SF $1,832.92
Expiration 12-01-2038
Tenant Type Fast Casual/Rest.
NOI $325,000
R. Term 14.0
Ownership Fee Simple
Rent/SF $114.56
Increases 10.0%/5/yrs
Pop 5Mi 326,509
Lot/AC 0.90
Options 5/5yrs/10%
AHHI 5Mi $96,717

Lease Highlights

  • Brand-new 2023 construction
  • PDQ recently singed a brand-new 15-year lease with 5 (5-year) options to extend
  • Lease features 10% rental increase every 5 years throughout the initial term and at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

PDQ is strategically located on Cleary Boulevard, with access to 13,800 vehicles passing by daily. The property has a prime location within Plantation Promenade, an upscale neighborhood center anchored by Publix Super Market. Its strategic positioning benefits from multiple points of access, with 4 entrances off Cleary Blvd (13,800 VPD) and 1 entrance off North Nob Hill Road (26,000 VPD)....

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: PDQ
  • Guarantor:Corporate
  • Company:PDQ
  • # Units:67
  • Stock:Private

About Tenant

PDQ - ”People Dedicated to Quality” - offers chef-driven recipes and mindful ingredients typically found in a fine casual restaurant with the value, speed and convenience of the fast food and fast...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 17,768 154,057 338,625
2023 Total Population : 17,842 149,391 326,509
2023 Employed Civilian Pop : 10,356 82,646 178,032
2023 Total Businesses : 788 7,905 17,683
2023 Average Household Income : $ 119,908 $ 101,846 $ 96,717
2023 Total Consumer Spending : $ 731 M $ 5341 M $ 10524 M
2023 Median Age : 41 43 41
2023 Total Households : 7,178 60,820 125,994
2023 Pop Age 25+: Bachelor's Degree : 4,517 30,148 56,732
2023 Average Home Value : $ 463,379 $ 358,760 $ 376,258
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
NW 8th St NW 99th Ave 2008 13,800 0.09 mi
Cleary Boulevard NW 102nd Ave 2021 7,100 0.42 mi
Cleary Boulevard NW 102nd Ave 2022 7,100 0.42 mi
North Nob Hill Road NW 5th Pl 2021 23,500 0.45 mi
N Nob Hill Rd NW 16th St 2008 26,000 0.74 mi
Northwest 112th Avenue NW 2nd St 2022 17,800 0.76 mi
NW 112th Ave NW 9th St 2021 18,000 0.76 mi
Hiatus Road NW 6th Ct 2022 23,000 0.83 mi
W OAKLAND PARK NW 12th Ct 2021 23,000 0.83 mi
W Broward Blvd NW 100th Ave 2008 29,000 0.90 mi

Listing Broker

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