David Martin Of Terra Group Leases 40,344 Square Feet To John Furner Of Walmart In Doral
Northwest Corner Of Doral Boulevard & 79th Avenue
Building Size
40,344 SF
Asset Type
Retail
Closing
Oct 6, 2026
About this deal
AI
A 40,344-square-foot retail property is located at the Northwest Corner of Doral Boulevard & 79th Avenue in Doral, Florida. The asset is situated within a lifestyle center that has reached approximately 95% occupancy, leaving around 8,000 square feet still available for lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: Northwest Corner Of Doral Boulevard & 79th Avenue
- Market: Doral, FL
- Landlord: David Martin - Terra Group
- Tenant: John Furner - Walmart
David Martin, representing Terra Group, finalized a lease agreement with John Furner of Walmart. The retailer plans to open a neighborhood-format grocery store in this location by 2027, contributing to the lifestyle center's occupancy rate.
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Retail
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Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93