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Shopping Strip

Shoppes at Doral

10425 NW 41st St, Doral, FL 33178

Listing Price: $15,125,000

Cap Rate
5.26%
Gross SF
16,466
Rentable SF
16,466
Price/Gross SF
$918.56
Lot Size
1.25 acres
Year Built
1999

Investment Overview

Marcus & Millichap is proud to exclusively market the Shoppes at Doral, a 16,466 square foot shadow grocery anchored trophy multi-tenant retail strip located within the exclusive Doral municipality of Miami. The 100 percent occupied property is located on heavily traveled NW 41st Street just east of NW 107th Avenue, with over 41,500 vehicles passing the property daily. The Shoppes at Doral is shadow anchored by Winn Dixie supermarket which is directly adjacent to the north side of the property. Doral is a dense under retailed office, industrial & residential municipality that traditionally has had incredibly low vacancy and constant rent growth. The property is ideally configured with multiple small bays and a healthy parking ratio of over 5 spaces per 1,000 square feet. All of the tenants in the center have NNN leases with aggressive annual base rental increases. The center has excellent visibility on NW 41st Street, with 80 percent of the tenant service-oriented internet proof uses. This is a rare Doral strip that has incredible frontage on the major retail corridor in the submarket.

Investment Highlights

  • 100 percent occupied trophy shadow grocery anchored retail strip center located in exclusive Doral municipality of Miami, FL
  • All tenants have NNN leases with aggressive annual base rental increases, resulting in 10 year compound average growth rate of 4 percent
  • Shadow anchored by a strong performing Winn Dixie supermarket
  • The center has strong tenant roster with 80 percent service oriented tenants
  • Located in exclusive Doral municipality of Miami, FL with average household income over $115,000 within one mile of the subject property
  • Strong traffic count - ideally located on NW 41st Street with traffic count of 41,500 vehicles per day. Direct access from NW 107th Avenue with an additional 25,500 for a total combined daily traffic count of 67,000
  • Healthy parking ratio of over five spaces per 1,000 square feet
  • Excellent visibility along 41st Street just east of the intersection with NW 107th Avenue

Exclusively Listed By

Financing By

Shopping Strip

Shoppes at Doral

Listing Price: $15,125,000

Cap Rate
5.26%
Gross SF
16,466
Rentable SF
16,466
Price/Gross SF
$918.56
Lot Size
1.25 acres
Year Built
1999

Investment Highlights

  • 100 percent occupied trophy shadow grocery anchored retail strip center located in exclusive Doral municipality of Miami, FL
  • All tenants have NNN leases with aggressive annual base rental increases, resulting in 10 year compound average growth rate of 4 percent
  • Shadow anchored by a strong performing Winn Dixie supermarket
  • The center has strong tenant roster with 80 percent service oriented tenants
  • Located in exclusive Doral municipality of Miami, FL with average household income over $115,000 within one mile of the subject property
  • Strong traffic count - ideally located on NW 41st Street with traffic count of 41,500 vehicles per day. Direct access from NW 107th Avenue with an additional 25,500 for a total combined daily traffic count of 67,000
  • Healthy parking ratio of over five spaces per 1,000 square feet
  • Excellent visibility along 41st Street just east of the intersection with NW 107th Avenue

Investment Overview

Marcus & Millichap is proud to exclusively market the Shoppes at Doral, a 16,466 square foot shadow grocery anchored trophy multi-tenant retail strip located within the exclusive Doral municipality of Miami. The 100 percent occupied property is located on heavily traveled NW 41st Street just east of NW 107th Avenue, with over 41,500 vehicles passing the property daily. The Shoppes at Doral is shadow anchored by Winn Dixie supermarket which is directly adjacent to the north side of the property. Doral is a dense under retailed office, industrial & residential municipality that traditionally has had incredibly low vacancy and constant rent growth. The property is ideally configured with multiple small bays and a healthy parking ratio of over 5 spaces per 1,000 square feet. All of the tenants in the center have NNN leases with aggressive annual base rental increases. The center has excellent visibility on NW 41st Street, with 80 percent of the tenant service-oriented internet proof uses. This is a rare Doral strip that has incredible frontage on the major retail corridor in the submarket.

Exclusively Listed By

Financing By

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