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Wendy's 4600 S State Road 7

2,212 SF Retail Building Davie, FL 33314 $4,831,524 CAD ($2,184 CAD/SF) 4.75% Cap Rate

Investment Highlights

  • Long Term Lease
  • Zero Management Responsibilities
  • Strategic Retail Location
  • Attractive Rent Increases
  • Corporate Operator
  • High Traffic Counts

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a single tenant Wendy’s Investment Property located at 4600 S State Road 7 (US Route 441) in Fort Lauderdale, Florida (the “Property”). Wendy’s has been at this location since 2019 and has 14+ years remaining on their triple-net lease with four (4), 5-year renewal options. The lease calls for attractive rent increases every five years throughout the primary lease term and at the start of each renewal option. Wendy’s is situated in an excellent location along S State Road 7 (US Route 441), the area’s primary commercial corridor. The Property enjoys outstanding frontage and visibility and is seconds from the New Town Commerce Center, a large business park that is home to hundreds of businesses, the Seminole Hard Rock Hotel & Casino, area colleges and densely developed residential neighborhoods that provide a built-in customer base. The Property enjoys convenient access to Florida Turnpike, Interstates 95 and 595, US Route 1, FL Routes 818, 84, and 822, and the Fort Lauderdale-Hollywood International Airport.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,212 SF
Year Built
2019
Price
$4,831,524 CAD
Price Per SF
$2,184 CAD
Cap Rate
4.75%
NOI
$229,497 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.76 AC

Nearby Major Retailers

Miami Grill
Camp Transformation Center
Seminole Hard Rock Hotel & Casino
  • Listing ID: 34211925

  • Date on Market: 2024-12-16

  • Last Updated:

  • Address: 4600 S State Road 7, Davie, FL 33314

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