Available For Sale - Retail

12,316 SF | Show Pricing $

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AVAILABILITY DETAILS

Size
12,316 SF
Price/SF
Show Pricing $
Listing ID
SA430370
Notes
FA Commercial presents this exclusive listing; a NNN retail property for sale with a restaurant tenant in place. Set in the new Paraiso District, surrounded by 1,350 luxury residential units. The restaurant, Amara by Michael Schwartz, is centrally located in Miami's Edgewater neighborhood, which is surrounded by popular Miami hotspots including Wynwood, Midtown Miami and the Design District. Quintessential Miami Waterfront restaurant from James Beard Award-winning Chef and restaurateur, Michael Schwartz.



* This is a unique opportunity to acquire a free-standing building with waterfront views.

* Term: 10 years + 3 Consecutive 10 year renewal options (Lease expires in 2029)

* Tenant is doing over $8M in sales, projected to grow to $12M with addition of second floor space

* Free standing building + Marina + CU-2 (in One Paraiso) included in the sale

* Rent increases every year by CPI

* Percentage Rent: Gross sales in any lease year, above $12 million, tenant pays percentage rent of 10%

* Minimal Landlord Responsibilities: Roof and Structure



View the offering memorandum: https://facommercial.com/propert...
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Fabio Faerman, FA Commercial