Hard corner signalized intersection with tremendous traffic and population density - over 448k people within 5 miles
Huge daytime population with over 35k employees within 1 mile and over 178k within 3 miles
Less than a ½ mile from Trump National Doral Miami golf resort (800 acres)
Just over 2 miles from Miami International Airport
Major employers in the immediate area include Carnival Cruise Lines, Univision, Miami Dade Police Dept HQ, Miami Dade Fire & Rescue HQ, Leon Medical Centers, Miami Herald, The Federal Reserve Bank of Atlanta, U.S. Department of Defense (SOUTHCOM) and Pepsi Co.
Doral is among one of the best places to live in the United States per Money Magazine and tremendous growth in the area continues
No landlord management obligations
Fixed rental increases throughout entire lease
No debt to assume
Florida has NO STATE INCOME TAX
CBRE is pleased to present this brand new 20 year Wawa deal located in Doral, Florida. Located in the Miami area of Florida, Doral is one of the most desirable communities in South Florida and experiencing tremendous growth. The property is ideally positioned at the hard corner signalized intersection of NW 87th Ave. and NW 33rd Street which carries over 50,000 cars daily at the intersection. Doral is ranked by Money Magazine as one of the best places to live in the United States. This is new construction and a new 20 year lease with Wawa, Inc. Rent has recently commenced and the store had its grand opening on March 5, 2020. The lease provides for fixed rental increases throughout the entire term, including options and requires no landlord management obligations.
The underlying land for this property has significant intrinsic value as the current zoning, Industrial Commercial District (IC), City of Doral, allows for potential future higher density development for a variety of uses including professional & medical office, residential and hotel. Conservative estimates indicate the potential for developing 7-stories and 135,900 square feet (plus structured parking).