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Davie, FL - Wawa

$5,054,000

2500 Davie Road, Davie, FL 33317

Active
Last Updated: 01/23/2025

4.65

Cap Rate

235,000

NOI

Details:
Cap Rate:    4.65%
NOI:    $235,000
Building Size:    5,636 sqft
Description:

• There are 16 years remaining on Wawa’s current lease with 6 (5-year) options to extend, demonstrating their commitment to this location
• The lease features 8% rental increases every 5 years beginning in LY 11 and including the options to extend
• Wawa stores are located in Pennsylvania, New Jersey, Delaware, Maryland, Virginia, Florida and Washington, D.C. There are 1,050 Wawa stores in the United States as of April 08, 2024

• Wawa is strategically located off Interstate 595 (218,500 VPD) and Florida’s Turnpike (211,000 VPD), allowing users to benefit from on/off ramp to the subject site and surrounding trade areas
• Just North of Nova Southeastern University, Broward College, and Nova High School, providing a consumer base from which to draw
• Just East of Tower Shops, a community shopping center that ranks
in the top 99% (6 out of 7,192) of all community shopping centers nationwide
• Tower Shops features tenants such as Costco Wholesale, The Home Depot, T.J. Maxx, Trader Joe’s, and more
• 15 minutes from Fort Lauderdale-Hollywood International Airport

Map:
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