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365 N Royal Poiciana Blvd 3,576 SF Retail Building Miami Springs, FL 33166 $1,650,000 ($461.41/SF) 6.11% Cap Rate
Investment Highlights
- PRIMARY LAND USE Restaurant / Cafeteria : Retail Outlet
- PRICE SF $461/SF
- LEASE TYPE Modified NNN - tenant pays taxes, insurance, utilities, repairs, HVAC
- STORIES/MAX HEIGHT 1 story (NBD allows up to 3 stories / 40ft)
- CURRENT TENANT Canela y Miel Gastrobar (Latin gastrobar & lounge)
- LEASE TERM 3 years + two (2) 3-year renewal options
Executive Summary
Apex Capital Realty is proud to present 365 N Royal Poinciana Blvd, a fully leased, turnkey restaurant investment located in the heart of Miami Springs. The property consists of a 3,576 SF commercial building on a 6,750 SF lot and is strategically positioned just minutes from Miami International Airport.
Currently occupied by Canela y Miel Gastrobar, the property provides immediate inplace income under a modified NNN lease structure. The sale includes a complete second-generation restaurant build-out featuring a commercial kitchen, full bar, walk-in cooler, freezer, and extensive equipment package.
With flexible NBD zoning and a prime location in one of Miami-Dade’s most desirable submarkets, the property offers both stable cash flow and long-term value-add potential.
Currently occupied by Canela y Miel Gastrobar, the property provides immediate inplace income under a modified NNN lease structure. The sale includes a complete second-generation restaurant build-out featuring a commercial kitchen, full bar, walk-in cooler, freezer, and extensive equipment package.
With flexible NBD zoning and a prime location in one of Miami-Dade’s most desirable submarkets, the property offers both stable cash flow and long-term value-add potential.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,576 SF
Building Class
B
Year Built/Renovated
1948/1986
Price
$1,650,000
Price Per SF
$461.41
Cap Rate
6.11%
NOI
$100,815
Tenancy
Single
Building Height
1 Story
Building FAR
0.53
Lot Size
0.15 AC
Zoning
NBD - Neighborhood Business District
Parking
12 Spaces (3.36 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Storage Space
- Air Conditioning
- Smoke Detector
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- La Casa Nicaragua
- Accommodation and Food Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| La Casa Nicaragua | Accommodation and Food Services | - | - | - |
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 05-3118-016-0150 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $512,077 |
Property Taxes
Parcel Number
05-3118-016-0150
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$512,077
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