For Sale
$10,645,000

3655 107Th Ave Doral, FL 33178

High-yield, fully leased retail center in Doral, FL.

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional 15,314 square foot, multi-tenant retail center in Doral, Florida presents a compelling investment opportunity. Located at 3655 NW 107th Ave, this single-story, 2004-built property (renovated in 2024) boasts 100% occupancy across nine tenants under NNN leases with a remaining term of 5.1 years and 3% annual rent bumps. The property features 172 parking spaces and sits on a 0.78-acre lot. The strong financial performance is highlighted by a 5.78% cap rate and a NOI of $615,729, with an asking price of $10,645,000 ($695.12/sq ft). The center benefits from its strategic location on a major roadway with over 67,000 vehicles daily, adjacent to Nicklaus Children's Outpatient and Urgent Care Center, and directly across from the massive Bridge Point Doral logistics center. The affluent surrounding neighborhood, with an average household income exceeding $113,000 within a two-mile radius, ensures consistent high demand. Lease options are available, and the property is offered fee simple. This stabilized, multi-tenant NNN retail center provides a stable cash flow with significant upside potential due to the strong location and lease terms. The property's success is further ensured by its proximity to major transportation arteries, including easy access to Florida's Turnpike, the MIA Cargo Viaduct, and SRs 826 and 836, and its proximity to Miami International Airport and Port Miami. This is a rare opportunity to acquire a fully leased retail center in a high-barrier-to-entry market with exceptional long-term growth prospects.

Highlights

  • Fully leased neighborhood center with NNN leases.
  • Leases include 3% annual rent increases.
  • Stable cash flow; 55% of tenants have occupied for 10+ years.
  • Limited tenant renewal options offer future landlord flexibility.
  • Affluent area; $113,000+ average household income within a 2-mile radius.
  • Across from Bridge Point Doral, a 2.6M SF Class A industrial complex.

Property Details for 3655 107Th Ave

Property type
Lifestyle centers, Power centers
Square Feet
15,314 SF
Year Built/Renovated
2004/2024
Buildings
1
Stories
1
Lot Size (sq. ft)
33,977 SF
Units
9

Location Insight

City
Doral
County
Miami-Dade
State
Florida
Latitude
25.8078593
Longitude
-80.3690162

FAQs

What type of property is this?
Lifestyle center - High-yield, fully leased retail center in Doral, FL.
Where is the lifestyle center located?
The property is located at 3655 107Th Ave Doral, FL.
What is the asking price?
The asking price for this property is $10,645,000.
What are key features of this property?
This property features: Fully leased neighborhood center with NNN leases.; Leases include 3% annual rent increases.; Stable cash flow; 55% of tenants have occupied for 10+ years.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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3655 107Th Ave
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