
Listing Price: | $15,125,000 | |
CAP Rate: | 5.26% | |
Lot Size: | 54,315 SF | |
Price per SF: | $918.56 | |
Year Built: | 1999 | |
Rentable SF: | 16,466 SF |
Listing Price: | $15,125,000 | |
CAP Rate: | 5.26% | |
Lot Size: | 54,315 SF | |
Price per SF: | $918.56 | |
Year Built: | 1999 | |
Rentable SF: | 16,466 SF |
INVESTMENT HIGHLIGHTS
LOCATION HIGHLIGHTS
PROPERTY DESCRIPTION
Marcus & Millichap is proud to exclusively market the Shoppes at Doral, a 16,466 square foot shadow grocery anchored trophy multi-tenantMarcus & Millichap is proud to exclusively market the Shoppes at Doral, a 16,466 square foot shadow grocery anchored trophy multi-tenantretail strip located within the exclusive Doral municipality of Miami. The 100% occupied property is located on heavily traveled NW 41st Streetjust east of NW 107th Avenue, with over 41,500 vehicles passing the property daily. The Shoppes at Doral is shadow anchored by Winn Dixiesupermarket which is directly adjacent to the north side of the property. Doral is a dense under retailed office/industrial & residential municipalitythat 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 tenantsin the center have NNN leases with aggressive annual base rental increases. The center has excellent visibility on NW 41st Street, with 80% ofthe tenant service oriented internet proof uses. This is a rare Doral strip that has incredible frontage on the major retail corridor in the submarket.
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