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Confidential Brickell Restaurant / Bar 1170 Miami Ave 1,968 SF of Retail Space Available in Miami, FL 33130
Sublease Highlights
- Turnkey Restaurant Opportunity
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor, Ste 101 | 1,968 SF | 12’ | Jun 2031 | $90.00 /SF/YR $7.50 /SF/MO $177,120 /YR $14,760 /MO | Triple Net (NNN) |
1st Floor, Ste 101
*CONFIDENTIAL OPPORTUNITY* to acquire a turnkey, second-generation restaurant operation in the heart of Brickell. The offering includes the leasehold interest, furniture, fixtures, equipment, existing restaurant infrastructure, and the opportunity to assume a highly desirable restaurant location within one of Miami’s most active residential and office submarkets, full liquor license warrant in place. The current operation is reportedly generating over $2M in annual gross sales. The business is being offered without the existing brand, allowing a new operator to establish any type of concept (Limited restrictions apply) or introduce a new restaurant, bar, fast-casual, or hospitality-driven concept. Owner seeks $625,000 for assignment as Key Money. Owner estimated benefit reported at 20% of Gross Revenues. The restaurant is located on the ground-floor retail level of a multifamily building surrounded by additional residential towers, office buildings, and Brickell’s dense urban customer base. Information to be only provided with proof of funds and execution of NDA attached. Seller only to consider established operators.
- Sublease space available from current tenant
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Space is in Excellent Condition
- Private Restrooms
- Security System
- Drop Ceilings
- Plug & Play
- Finished Ceilings: 12’
- Display Window
- Turnkey second-generation restaurant opportunity!
- Estimated owner benefit of approximately 20%
- Furniture, fixtures, and equipment included
- Established location
- No percentage rent and pathway to obtain full 4COP
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.
Property Facts
| Total Space Available | 1,968 SF | Gross Leasable Area | 2,000 SF |
| Property Type | Retail | Year Built | 2008 |
| Total Space Available | 1,968 SF |
| Property Type | Retail |
| Gross Leasable Area | 2,000 SF |
| Year Built | 2008 |
About the Property
Confidential Restaurant Listing
Nearby Major Retailers
Presented by
Confidential Brickell Restaurant / Bar | 1170 Miami Ave
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