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Wawa Davie, Florida 2500 SW 64th Ave 5,550 SF Retail Building Davie, FL 33317 $5,054,000 ($910.63/SF) 4.65% Cap Rate
Investment Highlights
- Absolute NNN ground lease, 14 years remaining with (6) five-year renewal options
- Davie is one of South Florida’s most sought-after retail and residential markets
- Strategically located off Interstate 95 (229,000 VPD) and Florida’s Turnpike (157,600 VPD)
- 8% rent increases every 5 years including options (first increase in 2031)
- Densely populated trade area supported by 382,000 residents and 163,000 employees
- Florida has NO STATE INCOME TAX
Executive Summary
CBRE is pleased to exclusively present an absolute NNN Wawa ground lease located in one of South Florida’s most desirable retail corridors. The property benefits from immediate access to Interstate 95 (229,000±VPD) and Florida’s Turnpike (157,600±VPD), within a dense 5-mile trade area supported by more than 382,000 residents and 163,000 employees. This location had 970.6K visits between 05/01/25 and 04/30/26 (per Placer.AI).
Positioned near several major educational institutions — including Nova Southeastern University, Broward College, Atlantic Technical College, McFatter Technical College, and Nova High School — the property benefits from a substantial built-in student consumer base totaling approximately 85,240 students.
Tower Shops, a 431,000 square foot regional retail destination featuring Trader Joe’s, Costco, Home Depot, Best Buy, Ross & TJ Maxx, is just to the west and construction of the largest multifamily project in the town’s history, The District in Davie, is currently underway to the southeast. The $1 billion, 2.8 million square foot mixed use project will ultimately include 1,292 rental units and 36,000 square feet
of restaurants and retail. This new development is just minutes from The Guitar Hotel at Seminole
Hard Rock Hotel & Casino, one of the most popular entertainment and hospitality centers in South
Florida.
Positioned near several major educational institutions — including Nova Southeastern University, Broward College, Atlantic Technical College, McFatter Technical College, and Nova High School — the property benefits from a substantial built-in student consumer base totaling approximately 85,240 students.
Tower Shops, a 431,000 square foot regional retail destination featuring Trader Joe’s, Costco, Home Depot, Best Buy, Ross & TJ Maxx, is just to the west and construction of the largest multifamily project in the town’s history, The District in Davie, is currently underway to the southeast. The $1 billion, 2.8 million square foot mixed use project will ultimately include 1,292 rental units and 36,000 square feet
of restaurants and retail. This new development is just minutes from The Guitar Hotel at Seminole
Hard Rock Hotel & Casino, one of the most popular entertainment and hospitality centers in South
Florida.
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
5,550 SF
Year Built
2020
Price
$5,054,000
Price Per SF
$910.63
Cap Rate
4.65%
NOI
$235,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.43 AC
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
1 of 8
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Wawa Davie, Florida | 2500 SW 64th Ave
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