DQ Grill & Chill - Riverview
Closed13316 S US Hwy 301, Riverview, FL 33578
Property type
Retail
Unit / Space count
1
Price
$2,238,000
Building size
3,054 sf
Rentable area
3,054 SF
Year built
2015
Year renovated
Occupancy
Zoning code
Lot size
0.75 Acres
Sold/status
Sold · Date unknown
Sale price
$2238000
Property description
Franklin Street is proud to present this newly developed DQ Grill & Chill location in Riverview, Florida (Tampa MSA). This operator has signed a new 15-year lease which carries a strong franchise 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 US 301 with traffic counts of 28,000 vehicles per day and Big Ben Road just north of the subject property with traffic counts of 25,000 vehicles per day. National tenants within the immediate trade area include Panera, PDQ, Chase, Bank of America, Fifth Third Bank, 7-Eleven and Wawa, just to name a few.
Property highlights
- New DQ & Chill location in Riverview, FL
- 15 - Year NNN lease at Close of Escrow
- 8% increases every 5 years
- 9% Rent to Sales Ratio
- Guaranteed by Lakeview Center ( Over $220,000,000 in revenue in 2017)