Friday, February 19, 2016
Fort Lauderdale will soon have a Wawa Convenience store and gas station. This Wawa chain which is very popular in the Tampa Bay and St. Petersburg areas will see a South Florida expansion plan. The first Wawa net lease property location should be in Broward County more particularly in Fort Lauderdale.
Our city of Fort Lauderdale has the Development Review Committee checking plans to see if they will allow construction to start. This commercial real estate construction would be a Wawa at the location 6001 N. Powerline Road. That location would receive plenty of traffic as it is on the southwest corner of the busy Cypress Creek Road. This portion of Fort Lauderdale has the Executive Airport, numerous office buildings as well as some Florida hotels.
Wawa Triple Net Lease Properties For Sale
These Wawa NNN Lease properties are perceived by many as a tremendous investment opportunity. These Wawa Triple Net Lease Properties For Sale are normally properties which are situated in tactical locations which receive high traffic counts. Many Florida Property Investors prefer the Wawa Convenience store and gas stations sitting on hard signalized corners.
Our Fort Lauderdale Wawa could end up with about 5,161 square feet and then have the fueling positions on the property. The Florida Real Estate developers also have plans for a 4,479 square-foot building for a McDonald’s as well as an approximate 6,328 square-foot Krispy Kreme retail net lease property. There could be other NNN Lease Property tenants if approve by Fort Lauderdale Development Review Committee.
Wawa Net Lease Properties in Florida
Wawa is a Pennsylvania based company with plans to open many more service stations in South Florida. Again as those of us who visited a Wawa in the Tampa Bay area well you will know they have plenty of fresh food including delicious sandwiches made in front you, soft drinks and coffee. While the Wawa in Fort Lauderdale is planned at Cypress Creek Road and Powerline Road, there should be more. Public County documents show that additional Wawa locations are planned in Sunrise, Davie, Parkland, Pompano Beach, Deerfield Beach, West Palm Beach, Riviera Beach, and Palm Springs (Lake Worth).
Net Leased Tenant Description
The majority of the Wawa triple Net Lease investments are Absolute Triple Net with No Landlord management responsibilities. The Company, Wawa is highly sought after by investors as it is a national tenant ranked #40 in Forbes top private companies. The most recent reports showed Wawa Company maintains an investment grade credit rating.
These net lease property investors welcome Wawa to the commercial property market. Wawa convenience stores and gas stations offer a bright future for net lease property investors. The privately owned company, Wawa is believed by many to be one of the most solid convenient store operators in Florida.
If you have the inside track on market conditions and have faith in your proven strategies then it is time to buy Florida Commercial Properties. The right opportunities are coming forward at the right time. The investment management firms, REITs and our private investors can check our website for the latest Florida Commercial Property Listings.
Tuesday, January 19, 2016
Four big proposals in Broward city, including waterfront building by major New York developer
Pompano Beach officials will consider four big development proposals, including a multifamily building by major New York developer Chetrit Group and an oceanfront condominium.
The items are set for a hearing before the city’s Development Review Committee on Jan. 20. They would need a city council vote for final approval.
Led by Meyer Chetrit and Joseph Chetrit, the Chetrit Group is one of the largest property owners in New York City and it’s made headlines in Miami with a proposal for a huge mixed-use project along the Miami River.
In Pompano Beach, Chetrit Group affiliate CG Hillsboro Shores filed a land use amendment that would allow 122 units at 2629 N. Riverside Drive and 2507 N. Ocean Blvd. The 4.2-acre site is on the Intracoastal Waterway near the Hillsboro Inlet. It currently has a marina and boat slips.
Chetrit Group plans to build 108 multifamily units and 14 townhouses there. The developer pledged to improve the marina and boat slips. It acquired the property for $6.4 million in January 2015. Attorney Bonnie Miskel, who represents CG Hillsboro Shores in the application, couldn’t be reached for comment.
Condo on the beach
The Ocean Sapphire condominium would have 29 units right on the beach at 700 Briny Ave. The rezoning application was filed by Chrome Group, managed by Maria Giglio, Michael K. Fish, and Lourdes Ors in Miami. It acquired the 1.3-acre site for $3.69 million in 2014. Garcia Stromberg is the architect for the project. Miskel, who represents Chrome Group, couldn’t be reached for comment.
See more at http://www.bizjournals.com/southflorida/news/2016/01/19/four-big-proposals-in-broward-city-including.html?iana=ind_cre