7110-7162 Stirling Rd, Hollywood, FL 33024

SVN Commercial Partners, as exclusive advisors, is delighted to present for sale, Davie Plaza ("the Property"), an approximately 22,500 square-foot, multi-tenant retail plaza strategically positioned along the SW corner of the signalized intersection of Davie Rd Ext and Stirling Rd in Davie, Florida. This prime location boasts a combined daily traffic count of +/-57,000 vehicles, offering exceptional visibility and accessibility.
The current owner has undertaken significant improvements, including filling vacancies, repainting of the building’s exterior, replacing a portion of the roof, and conducting quality renovations, making Davie Plaza a highly attractive asset. This revitalization has set the stage for investors to capitalize on the Property's potential.
Davie Plaza features a diverse mix of tenants offering a variety of products and services, including dining, personal grooming, and professional services. Additionally, a McDonald's outparcel (not included in offering) drives significant traffic to the Property. Davie Plaza is situated on a 2.04-acre lot with 138 total parking spots (6.13/1,000 SF), ensuring ample parking and the flexibility to accommodate a vast array of tenant uses.
Notably, the current rents average just under $18 per square foot net, which is approximately 25% below the market rate of $24 per square foot net for neighboring properties. This rental gap presents a significant opportunity for investors to enhance returns by raising rents to market levels.
The strategic location of Davie Plaza is further accentuated by its proximity to major traffic drivers and developments, including the iconic Guitar Hotel and Hard Rock Hotel and Casino, a newly constructed Lock Up self-storage facility, and a recently built Wawa gas station across the street.
Davie, Florida, home to Nova Southeastern University and HCA Florida University Hospital, boasts a robust demographic profile. Within a 15-minute drive, the population is approximately 752,000, with a median household income of approximately $60,000.
This offering presents a unique investment opportunity, combining strategic positioning, a diverse tenant mix, and significant potential for increased rental income in a thriving South Florida market.