DQ Grill & Chill - Terra Bella
Closed23671 State Road 54, Lutz, FL 34639
Property type
Retail
Unit / Space count
1
Price
$2,128,000
Building size
2,607 sf
Rentable area
2,607 SF
Year built
2015
Year renovated
Occupancy
Zoning code
Lot size
0.96 Acres
Sold/status
Sold · Date unknown
Sale price
$2128000
Property description
Franklin Street is proud to present this newly developed DQ Grill & Chill location in Lutz, 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 base rent increases every 5 years, including the extension periods. This property is located on the very well traveled I-54 with traffic counts of approximately 57,0000 vehicles per day. National tenants within the immediate trade area include Marshalls, Walgreens, Big Lots, Chase, Bank of America, Regions, and Racetrack, just to name a few.
Property highlights
- New DQ & Chill location in Lutz, FL
- 15 - Year NNN lease at Close of Escrow
- 8% increases every 5 years
- 9% Rent to Sales Ratio
- Strong Franchisee Guaranty (Over $220,000,000 in revenue in 2017)