1930 Ponce De Leon Blvd Unit #1930, Coral Gables, FL 33134

Property Description

Now a LOWER PRICE with NO KEY MONEY and only extra deposits in place of guarantee! Exceptional opportunity to take over a fully built-out restaurant in the heart of Coral Gables on highly trafficked Ponce de Leon Boulevard. This 3,820 SF second generation space is strategically positioned in one of Miami’s strongest dining corridors, surrounded by dense residential, office, and high-income demographics. The restaurant features a complete sit down restaurant build-out including commercial kitchen infrastructure, hood system, two updated grease traps, dining area, bar area, and all necessary restaurant improvements. The best feature the restaurant has is a dedicated delivery pickup area with smaller kitchen and refrigeration area with a separate area on Navarre st. Ideal for a modern delivery/ sit down hybrid restaurant concept where an operator can step into a move-in ready location without the time, cost, and permitting delays associated with a new build-out. Property is right next to the Coral Gables target. Approximately 3 years left on the lease and includes a five year option. Rent is approximately $18k a month, including NNN expenses. $/SF is approximately $37.70 PSF + $20 PSF. Will require four base rent deposits with the landlord plus three deposits with the tenant, as landlord will not release tenant from their personal guarantee. Subtenant will have NO PERSONAL GUARANTEE, only Good Guy guarantee ( give keys back).