2500 Davie Road ExtDavie, FL 33317

Property Details for 2500 Davie Road Ext

Year built

2020

Lot size

1.43 AC

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a 5,636 square foot Wawa convenience store and gas station located at 2500 Davie Rd, Davie, FL 33317. The property sits on a 1.43-acre lot and boasts a 20-year absolute NNN lease with a credit-rated tenant, offering significant financial stability. The lease includes 8% rent bumps every five years, beginning in year 11, and six 5-year renewal options, ensuring long-term income growth. Built in 2020, this property benefits from its strategic location off Interstate 595 (218,500 vehicles per day) and Florida's Turnpike (211,000 vehicles per day), providing excellent visibility and accessibility. The surrounding area is densely populated, with over 382,000 residents and 174,000 employees within a 5-mile radius, and an average household income of $95,852. The property's proximity to Nova Southeastern University, Broward College, Nova High School, and the high-performing Tower Shops community center (anchored by Costco, Home Depot, and T.J. Maxx) further enhances its appeal. Furthermore, the property is conveniently located just 15 minutes from Fort Lauderdale-Hollywood International Airport and near a large new mixed-use development currently under construction. The property's strong tenant, prime location, and favorable lease terms make this a compelling investment opportunity with a 4.65% cap rate and a net operating income (NOI) of $235,000. The asking price is $5,054,000. The property's APN is 50-41-23-03-0030. This is a ground lease.

Location Insight

City

Davie

County

Broward

State

Florida

Latitude

26.0909

Longitude

-80.2271

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