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Restaurant Space - Coral Gables, FL 2516-2526 Ponce De Leon Blvd 2,374 SF of Retail Space Available in Coral Gables, FL 33134
HIGHLIGHTS
- 2nd Generation Restaurant Space
- Hood
- 2374 SQFT
- Code-compliant grease trap
- High foot traffic and visibility
- Parking spaces available at the rear
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,374 SF | 1-10 Years | $60.00 /SF/YR $5.00 /SF/MO $142,440 /YR $11,870 /MO | Triple Net (NNN) |
1st Floor
Turnkey 2nd Generation Restaurant for Sale – Ponce de Leon Blvd, Coral Gables, FL Exceptional opportunity to acquire a fully built-out 2nd generation restaurant located on the iconic Ponce de Leon Boulevard in the heart of Coral Gables, Florida. This offering is for the sale of the business assets only (no real estate). The new operator will enter into a new lease upon purchase. The restaurant is in excellent condition and comes fully equipped with high-quality furniture, fixtures, and equipment (FF&E), including a hood system, grease trap, cooler, and a complete kitchen setup — allowing a new operator to open immediately and avoid the high cost and time of a new build-out. BUSINESS ASSETS SALE PRICE: $280,000
- 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
- Central Air and Heating
- Private Restrooms
- Freezer Space
- Wi-Fi Connectivity
- Security System
- 2nd Generation Restaurant Space
- Code-compliant grease trap
- Hood
- High foot traffic and visibility
- 2374 SQFT
- Parking spaces available at the rear
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 RESTAURANT SPACE - CORAL GABLES, FL
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Cafe Grumpy
- Restaurant
- 1
- -
- Luxsive Llc
- Restaurant
- 1
- -
- Prestigious Image Barbershop
- Salon/Barber/Spa
- 1
- -
- Sloane Square Barbers & Shoppe
- Services
- -
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Cafe Grumpy | Restaurant | 1 | - |
| Luxsive Llc | Restaurant | 1 | - |
| Prestigious Image Barbershop | Salon/Barber/Spa | 1 | - |
| Sloane Square Barbers & Shoppe | Services | - | - |
PROPERTY FACTS
| Total Space Available | 2,374 SF | Gross Leasable Area | 6,096 SF |
| Property Type | Retail | Year Built | 2010 |
| Property Subtype | Restaurant |
| Total Space Available | 2,374 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 6,096 SF |
| Year Built | 2010 |
ABOUT THE PROPERTY
Turnkey 2nd Generation Restaurant for Sale – Ponce de Leon Blvd, Coral Gables, FL Exceptional opportunity to acquire a fully built-out 2nd generation restaurant located on the iconic Ponce de Leon Boulevard in the heart of Coral Gables, Florida. This offering is for the sale of the business assets only (no real estate). The new operator will enter into a new lease upon purchase. The restaurant is in excellent condition and comes fully equipped with high-quality furniture, fixtures, and equipment (FF&E), including a hood system, grease trap, cooler, and a complete kitchen setup — allowing a new operator to open immediately and avoid the high cost and time of a new build-out. BUSINESS ASSETS SALE PRICE: $280,000
- Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
![[solidcore]](https://images1.loopnet.com/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[solidcore]")
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Restaurant Space - Coral Gables, FL | 2516-2526 Ponce De Leon Blvd
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