Davie, FL - Wawa
$5,054,000
2500 Davie Road, Davie, FL 33317
4.65
Cap Rate
235,000
NOI
Details:
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
Location

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