Exclusive Opportunity

9.9%  CAP

Investment Opportunity

Investment Property Summery Information

NNN Retail for sale with top national tenant in place. This is a unique opportunity to acquire a free-standing building with waterfront view with an ideal tenant already in place and generating income. The restaurant by Michael Schwartz includes main dining room and bar seating with floor to ceiling windows offering dramatic Biscayne Bay views, as well as deck seating on the water. Set in a new neighborhood rising in East Edgewater, Miami, our new enclave will have a private beach club on the second floor of our bayside restaurant. Amara, voted best restaurant of 2018, is a top producing restaurant led by renown chef Michael Schwartz; other concepts he has created over the years include Filia in SLS Brickell, Ella Cafe & Michael's Genuine in Design District & Harry's Pizzeria in Coconut Grove. 

Waterfront Free Standing Building- with Amara & Paraiso Beachclub on the rooftop overlooking Biscayne Bay.

Investment Property Specs & Details

Sale Price

 

Property Type

Lot Size

Building Size

Year Built​

$18 Million

 

Retail

10,798 SqFt

12,000 SqFt

2018

Annual Gross

 

Transaction

Ceiling Hight

City & State

Location

$2,500,000

 

Investment

20 feet

Miami, FL​

AAA+

NOI

 

Property Style

View

CAP Rate

Leased until

$1,800,000

 

WaterFront

Bay View

9.9%

2028

 
Self-stand Building, in the
4-towered Megaproject 

Situated in the newly built Paraiso District, Amara is a brand new concept by the famous chef Michael Schwartz. This free standing building has 2 levels, with the restaurant on the ground floor & Paraiso Beach Club on the rooftop overlooking biscayne bay!

Very Sunny Paraiso District's
'Beach Club'

Private beach club with panoramic bay views and flow-through floor plans, Paraiso Bay beach club is the latest vision from architects Arquitectonica and The Related Group – who continue to set the trend for the ultimate in Miami urban living. 

Paraiso 'Beach Club'
Unique & Luxury Life-style

Paraiso Bay condo beach club offers one of the most unique clubs in the community, located in the heart of Miami off the Edgewater district. This is a very central location, just minutes away from the airport, Coral Gables, South Beach, and Coconut Grove just to name a few.

Two Story Building
Two Strong Tenants

Two story building occupied by two strong tenants for the next 10 years.

 

Tenant #1 (1st floor) is the well known chef-

restaurant with lease in place for the next 10 years. 

 

Tenant #2 (2nd floor / rooftop) is the 'Beach Club' which the lease recently renewed for another 2 years. Beach Club is being leased through the complex association. 

#1 Producing in 2018, 
Restaurant in South Florida

World class chef driven high-end restaurant designed by Meyer Davis Studio to celebrates the natural beauty of its surroundings incorporating the tropical waterfront environment. 

 

The restaurant includes main dining room and bar seating with floor to ceiling windows offering dramatic Biscayne Bay views, as well as deck seating on the water.

Amara Restaurant by
Michael Schwartz 

10 years + 3 Consecutive 10 year renewal option;

Rent increases every year by CPI

Gross sales in any lease year, between $4-$6 million 

tenant pays percentage rent of 12%

Gross sales in any lease year, between $6-$8 million, tenant pays percentage rent of 11%

Gross sales in any lease year, above $8 million, tenant pays percentage rent of 10%

© 2019 Intopp, llc (FLA Licensed). All Rights Reserved.

Intopp, llc Real Estate fully supports the principles of the Fair Housing Act and the Equal Opportunity Act.The property information herein is derived from various sources that may include, but not be limited to, government records and the MLS. Although the information is believed to be accurate, it is not warranted and you should not rely upon it without personal verification.

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