4401 N University Dr
Lauderhill, FL 33351
WAWA New 20 YR NNN 22K 1 Mile Population · Retail Property For Sale

Marcus & Millichap is pleased to exclusively offer a brand new Wawa, located at 4401 North University Drive in Lauderhill, Florida. The property benefits from a new 20-Year ground lease, with seven percent increases in Year 11 and Year 16 of the base term and in each of the six (five-year) option periods. The Subject property consists of a newly constructed 5,536 SF convenience store that sits on a large 1.53 acre parcel on the busy signalized intersection of NW 44th Street and University Drive. This is classic infill location on one of Broward County's busiest retail corridors - traffic counts exceed 65,000 vehicles per day. This is a dense, affluent market, with a full time population exceeding 450,000 and an average household income $64,000 annually. This Wawa serves an immediate market with a population exceeding 22,000 people in a one mile radius which consists of more than 35,000 apartments and single family homes in two mile radius. Wawa is a chain of more than 750 convenience retail stores with over 365 sites offering gasoline as well. Wawa is an investment grade tenant with a BBB credit rating by Fitch, and 2016 revenue was approximately $9.68 billion. Please speak to listing agents for details.