The Sanctuary at Doral Retail

Home » All Multifamily Properties » The Sanctuary at Doral Retail

Address: 9420 & 9430 NW 41st Street

Florida & Gulf Coast + 2-4 Units

Created date: November 5, 2024

Date last updated: November 5, 2024

Property Description

Prime Location The Sanctuary at Doral Retail is ideally located in the heart of Doral, Florida, one of the fastest-growing cities in the state. Situated near CityPlace Doral and the Trump National Doral resort, the Property benefits from high visibility and access to a luxury-oriented demographic. Excellent frontage on NW 41st Street, a major east-west arterial road in Doral, ensures steady foot and vehicle traffic.
Strong Tenant MixThe Property is 100% occupied by two tenants, Shoma Bazaar and Seabra Foods, providing a stable income stream. Shoma Bazaar, a popular food court concept, boasts strong gross sales figures, while Seabra Foods, a Brazilian specialty grocer, enhances the property’s appeal as a potential grocery-anchored center. Both tenants have strong remaining lease durations, with built-in rental increases, ensuring consistent revenue growth.
Modern ConstructionConstructed in 2021, the Property features an appealing modern design, reducing immediate capital expenditure needs and differentiating it considerably from much of the surrounding retail stock, which tends to be of older vintage and more management-intensive.
Growing MarketOver the past decade, Doral has transformed into a luxury node with high residential and commercial demand, driven by significant projects like the Trump National Doral resort and CityPlace Doral. South Florida’s robust economy and Doral’s rapid and continuous population growth and high population density provide a strong market for retail investment.
Enormous Demand, Limited SupplyMiami’s retail market is among the strongest in the US. Asking rents have increased year-over-year for the last decade, and current vacancy sits at a minuscule 2.8% throughout Miami-Dade and just 2.3% in Doral, with very little new construction in the pipeline due to land scarcity.

Available

Request Information

Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	2-4 Units
No. of Units:	2
Year Built:	2021
Lot Size:	26,566.00 Sq ft
Opportunity Zone:	No
Property Website	Click Here