12551 Biscayne BlvdNorth Miami, FL 33181

Property Details for 12551 Biscayne Blvd

Property size (Sq ft)

1,824 SF

Property type

Commercial real estate

Description

This exceptional, upscale restaurant in North Miami, located at 12551 Biscayne Blvd, is offered for sale at $725,000. The 1,824 square foot, single-story building boasts a Class A finish and is situated in a high-traffic area neighboring the North Miami and Aventura submarkets. Completely renovated in 2022, the restaurant features a modern interior, high-quality fixtures, furniture, and equipment (FF&E). It comfortably seats 64 patrons indoors and can accommodate up to 10 additional guests outdoors. The property includes licenses for beer and wine sales and features an attractive bar area. Currently operating at 100% occupancy since its opening on November 1, 2022, the restaurant operates under a triple net (NNN) lease with a remaining term of approximately 2.9 years, expiring October 31, 2027. The lease includes options to renew for 3 or 5 years, providing long-term security for the new owner. The current rent is significantly below market rates. This is a confidential sale, and the ownership entity is a Florida corporation. The sale is an owner-user investment opportunity. This turnkey operation presents a rare opportunity to acquire a thriving restaurant business in a desirable location.

Location Insight

City

North Miami

County

Miami-Dade

State

Florida

Latitude

25.8914

Longitude

-80.1626

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