2660 Davie Rd - Retail FOR SALE


Davie, FL 33317- Outer Weston/Davie
$2,850,000 USD
954-296-6955
2660 Davie Rd, Davie, FL for Sale
$2,850,000 USD
Retail - FOR SALE
1/9
null | 4.76% Cap Rate

2660 Davie Rd
Davie, FL 33317
Outer Weston/Davie


HIGHLIGHTS

  • Corporate Guaranty – Lease Guaranteed by Wendy’s Parent Company
  • World’s Third-Largest QSR Hamburger Chain – 7,000+ Restaurants Worldwide ~ Publicly Traded (NYSE: WEN) – S&P Rated BB+ (Stable)
  • Absolute NNN Ground Lease | Land Ownership | No State Income Tax Zero Landlord Responsibilities
  • High Passive-Income Asset in a Supply-Constrained South Florida Market
  • Adjacent to the South Florida Education Center – One of Florida’s largest higher-education districts (NSU, Broward College, FAU, UF Davie, McFatter)
  • Strong Demographics – 277,910 residents within 5 miles with solid median household incomes.

OVERVIEW

Solid Investments is pleased to offer for sale a rare Corporate Wendy’s Absolute NNN Ground Lease located in Davie (Ft. Lauderdale), Florida. The lease is guaranteed by Wendy’s Parent Company and has 5.7± years remaining with 10% rent increases every 5-years. The building is a modern Wendy’s prototype totaling 3,453± SF on 1.50± acres. The site offers strong visibility along Davie Road (SW 64th Avenue), which carries more than 40,000± vehicles per day, just south of Interstate 595. The property sits adjacent to the South Florida Education Center — a multi-institution higher-education campus that includes Broward College, Nova Southeastern University, FAU’s Davie campus, the University of Florida Davie campus, McFatter Technical College, and more. The area draws tens of thousands of students, faculty, and staff, and is surrounded by dense student housing and multifamily communities, with a population of 12,014 within 1-mile, and more than 376,000 within 5-miles with an Average Household Income of almost $110,000. This trade area benefits from consistent daily traffic from both local residents and commuters. Wendy’s (NASDAQ: WEN) is the world’s third-largest quick-service hamburger chain, operating 7,300+ restaurants worldwide, supported by strong brand recognition and a proven corporate guarantee.

FOR SALE DETAILS

PRICE

$2,850,000 USD

PRICE/SF

$825 USD /SF

CAP RATE

4.76%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Wendy's

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

RAC-RTE

APN/PARCEL ID

50-41-23-03-0070

ASK ABOUT THIS PROPERTY

Derrick SchroederSolid InvestmentsMore Info
954-296-6955

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Derrick SchroederSolid InvestmentsMore Info
954-296-6955

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.