Doral, a city in Miami-Dade County, Florida, is an attractive location for investors looking to purchase shopping centers. With its strategic location near Miami International Airport and Downtown Miami, Doral offers a unique blend of accessibility and amenities. Shopping centers in Doral can represent a range of investment opportunities, from retail and dining establishments to entertainment and service-based businesses. The city's diverse economy, which includes major industries such as transportation, logistics, and hospitality, provides a solid foundation for shopping centers to thrive. Additionally, Doral's high-quality infrastructure, including the Doral Police Department, Miami-Dade Fire Rescue Department, and City of Doral Trolley system, ensures a safe and convenient environment for businesses and residents alike. The city's proximity to major highways, including the Ronald Reagan Turnpike and the Palmetto Expressway, also makes it an ideal location for shopping centers catering to commuters and travelers. With a population of approximately 75,000, Doral offers a sizable customer base for shopping centers, and its business-friendly environment makes it an attractive location for entrepreneurs and investors.
Doral's shopping centers are situated in a prime location, with easy access to major transportation hubs like Miami International Airport and the Ronald Reagan Turnpike. The city's diverse range of industries and major employers, including Carnival Corporation and Amadeus North America, contribute to a strong local economy. In addition to shopping centers, Doral also offers a range of other property types, including restaurants, specialty properties, land, and office properties. For example, restaurants in Doral can take advantage of the city's growing food scene, while specialty properties can cater to the needs of the city's diverse industries. Land in Doral can be developed for a range of purposes, from residential to commercial, and office properties can benefit from the city's business-friendly environment. With 1 shopping centers currently available for sale in Doral, investors have a range of options to choose from, with average prices ranging from $695 USD per square foot and average sizes of 15,314 square feet. The largest shopping center available for sale in Doral is 15,314 square feet, offering ample space for a range of businesses and activities.
What is the average cap rate for shopping centers in Doral?
The average cap rate for shopping centers in Doral is 5.78%, making it an attractive option for investors seeking a strong return on investment in a city with a diverse range of businesses and a population of around 80,000.
