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Doral Shops & Professional Center 3655 NW 107th Ave
15,314 SF 100% Leased Retail Building Doral, FL 33178 $14,952,819 CAD ($976 CAD/SF) 5.78% Cap Rate
Investment Highlights
- This fully leased retail center with NNN leases and 3% annual increases provides impressive future rent growth.
- Doral's dense infill area boasts over 38,000 residents within 2 miles and over 1.34 million people within 10 miles of the location.
- Doral encompasses numerous affluent neighborhoods boasting an average household income of over $113,000 within a 2-mile radius.
- With few tenant renewal options, the new landlord has flexibility and upside potential via new leases and increased rates.
- Investors can expect an immediate stable cash flow, as 55% of current tenants have occupied their space for over 10 years.
- Anchored by Nicklaus Children’s Hospital and proximity to Bridge Point Doral, accessibility is seamless to the Turnpike, SR 826, and SR 836.
Executive Summary
Located in Doral, an affluent city with a population of 77,759 residents and approximately 100,000 daily workers, the property complements the area's vibrant, tropical setting. Doral is celebrated for its shopping destinations, world-class golf courses, and rich Latin culture, making it a highly desirable location for retail businesses. Tenants benefit from frontage along 107th Avenue, a major roadway with impressive traffic counts exceeding 67,000 vehicles per day.
Adding to its strategic value, the property is adjacent to Nicklaus Children's Outpatient and Urgent Care Center, a significant 40,000-square-foot healthcare facility dedicated to patients 21 years and younger. Furthermore, it is located across from Bridge Point Doral, a massive 2.6 million-square-foot logistics center currently under development. Access to major highways and thoroughfares, including Florida's Turnpike, the MIA Cargo Viaduct, State Road 826, and State Road 836, as well as its proximity to Miami International Airport (MIA), Port Miami, and Miami's Central Business District, further boosts the retail center's visibility and traffic.
Investing in the Doral Shops & Professional Center offers the rare chance to acquire a fully leased retail center in a high-barrier market where retail properties are infrequently available and always in demand.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Amenities
- Restaurant
- Signage
- Tenant Controlled HVAC
- Air Conditioning
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Local beauty salon located in Doral, Florida, founded in 2021.
- Building Future Minds
- Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
-
- Health Care and Social Assistance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Their mission is to empower you to regain your optimal physical health and enhance your overall well-being. Their team of skilled therapists are committed to providing you exceptional, personalized care that promotes healing, functional recovery, and an improved quality of life. Through evidence-based practices, state-of-the-art techniques, and a compassionate approach, they strive to be a trusted partner in your journey to recovery.
-
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Welcome to La Coriana, they are a family friendly restaurant dedicated to making the dream of many Venezuelan homes that are out of their motherland a reality with great Authentic Venezuelan food. Their flavor is the core of what they create and it’s a reflection of their culture. Lively, surprising, and most of all, delicious. It’s who they are, and they want to share it with you.
- Pa'Que Tiby
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Queen of Beauty
- Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Rakki Sushi
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
-
- Health Care and Social Assistance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
South Dental is an organization established since 1992, and has been since then in constant expansion, with its sole purpose to provide excellent dental services to the community of South Florida. Their team of professionals and personnel is carefully selected to make sure they meet high professional service and skills that they are able to provide in South Dental and also is a place where all professionals work as Family capable to provide a great place of work.
-
- Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Uni K Wax's pine-based, proprietary elastic-wax formula is created with pure, honest ingredients for optimal comfort on even the most sensitive skin. Applied at body temperature, it exfoliates and nourishes, while its flexible elasticity adheres directly to the hair, leaving only smooth skin behind. A true friend to your skin, their wax is gluten-free, completely all-natural, and about as gentle as it can get.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Building Future Minds | Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
|
|
Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
|
|
Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Pa'Que Tiby | Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Queen of Beauty | Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Rakki Sushi | Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
|
|
Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
|
|
Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
About Miami Springs
The City of Miami Springs borders the Miami International Airport and is under 10 miles from downtown Miami. To the south lies the Miami Springs Golf and Country Club, around which most of the single-family neighborhoods in the city were built.
Near the heart of the city is an area known as The Circle, serving as the community hub since the city was established in the 1920s. With a small pocket park at its center, businesses fan out around this historic area. The majority of retail space in the city either surrounds The Circle or lines NW 36th Street to the south, which borders the airport and serves nearby hotels.
Typical retail tenants serve the local community and include barber shops, hair salons, daycares, fitness centers, and coffee shops. Limited construction has kept retail vacancies in check here, with little to no available retail space for rent, making existing space increasingly unique. The outlook for retail in Miami Springs remains positive, with limited supply additions keeping vacancies tight, resulting in healthy rent gains over the coming years.
DEMOGRAPHICS
Demographics
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Pa'Que Tiby | - | - | In Building |
| Rakki Sushi & Omakase | - | - | In Building |
| Chick-Fil-A | - | - | 6 min walk |
| Divieto Ristorante | American | $$$ | 7 min walk |
| Mazza Pizzeria | American | $ | 8 min walk |
| La Fontanna Steakhouse | American | $$$$$ | 8 min walk |
Retail |
||
|---|---|---|
| CKO Kickboxing | Fitness | 5 min walk |
| United States Postal Service | Business/Copy/Postal Services | 7 min walk |
| Wells Fargo Bank | Bank | 8 min walk |
| OXXO Care Cleaners | Cleaners | 8 min walk |
| Sport Clips, Inc | Salon/Barber/Spa | 11 min walk |
| Winn-Dixie | Supermarket | 11 min walk |
Hotels |
|
|---|---|
| element |
139 rooms
2 min drive
|
| SpringHill Suites |
112 rooms
2 min drive
|
| aloft Hotel |
145 rooms
2 min drive
|
| DoubleTree by Hilton |
150 rooms
4 min drive
|
| Residence Inn |
135 rooms
5 min drive
|
PROPERTY TAXES
| Parcel Number | 35-3029-001-0280 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $16,953,357 CAD |
PROPERTY TAXES
Sale Advisors
Sale Advisors
Scott Sandelin, Senior Managing Director Investments
Scott entered the real estate world in 1995 when he decided to obtain a license and invest for himself. In 2008 and after making several successful investments, Scott’s love for real estate lured him to transition to a career in real estate brokerage. In the fall of 2008, he began his new career with a focus on urban high street retail assets on Miami Beach. This start during the financial crisis led him to diversify his business plan to include the sale of single tenant net leased investments. Since that time, he has assembled a team of talented brokers and top-notch support staff. They collectively have facilitated hundreds of real estate transactions with a focus on what is best for the client. Trusted by many of the top investors and property owners, the team’s services continue to be in demand and fuel growth.
Edward Romo, First Vice President of Investments
-
Scott Sandelin -
Edward Romo -
The Sandelin Group
Presented by
Doral Shops & Professional Center | 3655 NW 107th Ave
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