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2660 DAVIE RD Davie FL 33314-1603

[Locked] • APN 504123030070

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Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Building SqFt 3,453
Lot SqFt 68,856
Acreage ******
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code RAC-RTE
Year Built 2016
Building Count 1
Opportunity Zone No
Lease Type ******
Sold Price per Acre ******
Tax Year ******
Tax Land ******

Property History

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Property Type
Property Type
Retail
Property Subtype
QSR/Fast Food, Restaurant
Marketing Description

Exceptional Florida 4-Property QSR Portfolio featuring three nationally recognized brands — (2) McDonald’s, Wendy’s, and Taco Bell/Pizza Hut — each operating on long term absolute NNN ground leases.

Portfolio Price — $10,600,000 / 4.32% CAP / NOI $449,270 / 9.2± WALT (available individually or as a package)

These assets are positioned in high-growth, highly affluent submarkets with strong traffic corridors, excellent retail adjacencies, and stable, recession-resistant demand.

All locations offer passive, bond-like income backed by world-class operators, with zero landlord responsibilities and proven long term operating histories.

The portfolio is available individually or as a package, offering investors immediate scale in one of the strongest QSR markets in the country.

Investment Highlights
  • NNN McDonald’s Corporate — 6508 University Pkwy Lakewood Ranch (Sarasota), FL

  • $2,990,000 / 3.41% CAP / NOI $102,000

  • Years Left on Lease: 17± years

  • Rent Increases: 10% every 5-years

  • Building Size: 4,448± SFf

  • Lot Size: 1.0± AC

  • Lease type: Absolute NNN - Ground Lease

——-————-————-————-————-————-———-———-————

  • NNN McDonald's Corporate — 14902 Narcoossee RD Orlando, FL

  • $2,700,000 / 3.81% CAP / NOI $102,850

  • Years Left on Lease: 10.3± years

  • Rent Increases: 10% every 5-years

  • Building Size: 4,388± SF

  • Lot Size: 1.88± AC

  • Lease type: Absolute NNN - Ground Lease

——-————-————-————-————-————-————-———-———

  • NNN Wendy's Corporate — 2660 Davie Rd Davie, FL

  • $2,850,000 / 4.76% CAP / NOI $135,520

  • Years Left on Lease: 5.7± years

  • Rent Increases: 10% every 5-years:

  • Building size: 3,453± SF

  • Lot size: 1.50± AC

  • Lease type: Absolute NNN - Ground Lease

——-————-————-————-————-————-——-—————-———

  • NNN Taco Bell / Pizza Hut — 7840-7850 north Wickham road, Melbourne, fl

  • $2,060,000 / 5.29% CAP / NOI $108,900

  • Years Left on Lease:5.2± years

  • Rent Increases: 10% every 5-years

  • Building size: 3,600± sf

  • Lot size: 0.76± ac

  • Lease type: Absolute NNN - Ground Lease

Property Type
Property Type
Retail
Property Subtype
QSR/Fast Food, Restaurant, Storefront
Asking Details
Asking Cap Rate
******
Marketing Description

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.

Investment Highlights

Corporate Guaranty – Lease Guaranteed by Wendy’s Parent Company ~ S&P Rated BB+ (Stable)

Absolute NNN Ground Lease | Land Ownership | Zero Landlord Responsibilities

Strong Remaining Term – 5.7± Years Left on the Primary Term

10% Rent Increases Every 5-Years

Prime Fort Lauderdale/ Davie Location – Positioned along busy Davie Road (SW 64th Ave) just south of I-595.

High Traffic Exposure – 40,000+ VPD on Davie Road with immediate access to the I-595 corridor

Adjacent to the South Florida Education Center – One of Florida’s largest higher-education districts (NSU, Broward College, FAU, UF Davie, McFatter) drawing tens of thousands of students, faculty & staff.

Strong Demographics – 277,910 residents within 5 miles with solid median household incomes.

World’s 3rd-Largest QSR Hamburger Chain | 7,000+ Restaurants Worldwide

No State Income Tax

Loan History

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Financial History

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****** Data
Net Operating Income
******
Reporting Date
******

Tax History

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Contact Information

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Ownership Information

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Property Details

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Contacts

Sold on
 BY:
DS
Derrick Schroeder PRO
•••.•••.6955
•••hroe@••••••••••••••••••.com
Brokerage logo
Sold on
 BY:
SS
Steven Schroeder
•••.•••.6466
••••••••hroe@•••••.com
Brokerage logo

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