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1121-1141 Washington Ave 2,500 - 3,381 SF of Retail Space Available in Miami Beach, FL 33139
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,500-3,381 SF | 5-10 Years | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
Second-generation restaurant opportunity on Washington Avenue in Miami Beach. Fully built-out restaurant space in excellent condition with a long-term lease in place through 2032, offered as a key money transaction. The space comprises approximately 3,381 SF of rentable area, consisting of approximately 3,051 SF of ground-floor interior space plus a 330 SF outdoor patio. An additional ±1,198 SF second-floor mezzanine is included as bonus usable space but is not considered rentable area and is not used in rent calculations. Rent is not calculated on a per-square-foot basis. The property features a true second-generation buildout, including existing commercial kitchen infrastructure, hood and suppression system, grease interceptor, bar buildout, restrooms, and utilities in place, allowing for a significantly reduced time and cost to opening. Current base rent is approximately $13,000 per month under a modified gross lease, with no CAM or operating expense pass-throughs currently being charged. The lease is assignable to a qualified operator, subject to landlord approval. A full 4COP restaurant liquor license is available, subject to buyer qualification and approval. Reference floor plan attached. Additional details upon request. FOR MORE INFO CONTACT: Cameron Cervera +1 (305) 439-7019 cameron@cervera.com
- Fully Built-Out as a Restaurant or Café Space
- Space is in Excellent Condition
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at 1121-1141 Washington Ave, Miami Beach, FL 33139
- Tenant
- Description
- US Locations
- Reach
- 1390 Ocean Drive Condominium Association, Inc.
- Services
- 1
- -
- Anv Enterprises Inc
- Public Administration
- 1
- -
- Esplanade Beach Condominium As
- Services
- 1
- -
- Grooveman
- -
- 1
- -
- Rhythm Sawgrass, Inc.
- Professional, Scientific, and Technical Services
- 1
- -
- Zonemiami
- Arts, Entertainment, and Recreation
- 1
- -
| Tenant | Description | US Locations | Reach |
| 1390 Ocean Drive Condominium Association, Inc. | Services | 1 | - |
| Anv Enterprises Inc | Public Administration | 1 | - |
| Esplanade Beach Condominium As | Services | 1 | - |
| Grooveman | - | 1 | - |
| Rhythm Sawgrass, Inc. | Professional, Scientific, and Technical Services | 1 | - |
| Zonemiami | Arts, Entertainment, and Recreation | 1 | - |
Property Facts
| Total Space Available | 3,381 SF | Gross Leasable Area | 16,609 SF |
| Min. Divisible | 2,500 SF | Year Built | 1936 |
| Property Type | Retail | Parking Ratio | 0.6/1,000 SF |
| Property Subtype | Storefront |
| Total Space Available | 3,381 SF |
| Min. Divisible | 2,500 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 16,609 SF |
| Year Built | 1936 |
| Parking Ratio | 0.6/1,000 SF |
Features and Amenities
- 24 Hour Access
- Signage
- Tenant Controlled HVAC
- Storage Space
Nearby Major Retailers
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1121-1141 Washington Ave
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