Walmart Signs 40,000 SF Lease At Doral Atrium
Construction of the new Walmart is expected to begin this fall, with an anticipated opening in 2027. Approximately 8,000 square feet of retail space remains available for lease.
Construction of the new Walmart is expected to begin this fall, with an anticipated opening in 2027. Approximately 8,000 square feet of retail space remains available for lease.
The eight-story development will introduce approximately 120,500 square feet of office and retail space to the neighborhood, including approximately 22,500 square feet of retail and more than 92,000 square feet of office space.
The property features approximately 115 feet of frontage along Lincoln Road and is currently occupied by a diverse tenant roster.
Avison Young brokered the sale.
The site comprises 50,000 square feet of retail across three buildings, along with a 60,000-square-foot, three-story self-storage facility.
The lease is structured as a five-year NNN lease with a rent of $70 per square foot.
The 24-story development will comprise 333 luxury condominium residences and a retail component anchored by a new 36,000-square-foot Publix Super Market.
Originally completed in 2016, the property was substantially renovated and repositioned in 2023 with more than $1 million in capital improvements.
A proposed redevelopment near Opa-locka City Hall could bring housing, retail, hospitality, education and community services to six publicly owned parcels, marking a major investment in the city’s downtown core. The overall development has been valued at approximately $532 million.
Adam Von Romer represented an investor who sold a management-intensive commercial property in North Miami and sought a more passive investment with a single corporate tenant.
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