Net Lease PDQ Property Profile and Cap Rates Date April 12, 2020
Net Lease PDQ – Typical Property and Lease Terms
| Price Range: | $2.5M - $3.5M |
| Cap Rate: | 5.50% - 5.75% |
| Net Income: | $170,000 |
| Price Per foot: | $750 PSF |
| Building Size: | 4,000 SF |
| Lot Size: | 1 Acre |
| Escalations: | 10% Every 5-Years |
| Lease Term: | 15 Years |
| Lease Type: | NNN |
| Credit Rating: | NR |
Tenant Company Information:
PDQ is a fast casual restaurant chain. It has a simple menu that consists of chicken tenders, chicken and turkey sandwiches, salads, home fries, shakes and cookies. PDQ foods are prepared fresh, on site and when ordered, as opposed to being prepared in advance. Per everything being prepared fresh, PDQ restaurants do not have freezers. PDQ restaurants with drive-through windows do not have intercoms; rather, an employee is present in the drive-through area to take customer orders.
During the time of its conception, its initials initially stood for “pretty damn quick”, but this was later changed to “people dedicated to quality”. Its first store opened in Tampa, Florida in 2011. It was founded by Bob Basham, a former Outback Steakhouse founder, and Nick Reader, CEO of MVP Holdings. PDQ has over 50 locations in eight U.S. states.
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