DQ Grill & Chill - Lakewood Ranch
Closed8307 State Road 64 E, Bradenton, FL 34212
Property type
Retail
Unit / Space count
1
Price
$2,238,000
Building size
3,242 sf
Rentable area
3,242 SF
Year built
Year renovated
Occupancy
Zoning code
Lot size
1.33 Acres
Sold/status
Sold · Date unknown
Sale price
$2238000
CAP
5.45%
Property description
Franklin Street is proud to present this newly developed DQ Grill & Chill location in Bradenton, Florida. This operator has signed a new 15-year lease which carries a franchisee guarantee. The lease provides for four additional five-year options to renew the lease with annual base rent increases, including the extension periods. This property is located on the very traveled I-641 with traffic a count of 24,000 vehicles per day. National tenants within the immediate trade area include Publix, CVS, Walgreens, Racetrack, Chase, Bank of America and McDonald's, just to name a few.
Property highlights
- New DQ & Chill location in Bradenton, FL
- 15 - Year NNN lease at Close of Escrow
- 8% increases every 5 years
- 9% Rent to Sales Ratio
- Strong Franchisee Guarantee (over $220,000,000 in revenue in 2017)