Miami Trophy NNN Restaurant Portfolio_Property for Sale

1346 South Miami Avenue, Miami, FL, 33130, US

Miami Trophy NNN Restaurant Portfolio

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer the opportunity to acquire three, individually or as a portfolio, trophy restaurant properties in Miami, FL. The three assets (collectively, the “Portfolio”) have a weighted average lease term of 13.6 years, $4.6 million in annual NOI, minimal landlord responsibilities as well as exclusive rights to parking spaces for their valet services. The Portfolio, inclusive of Rosa Negra, GEKKO, and Amara at Paraiso, represents a truly generational opportunity to acquire market dominant restaurant assets of scale in Miami’s thriving Brickell Financial District and Edgewater submarkets with durable in-place cash flow and strong rent-to-sales ratios.

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Attributes

Tenants

Rosa Negra, GEKKO, Amara at Paraiso

Number of units

NOI

£3,762,000

WAULT

13.6 years

Lease type

Net lease (N/NN/NNN)

Building area net

36,596 sf

Occupancy

100%

Media

Investment Highlights

ROSA NEGRA: Grupo RosaNegra, Rosa Negra's parent company, is a quickly growing operator of scale recognized throughout South and Central America with 10 restaurant brands and 4 beach clubs. Opening to the public in December 2024 in Brickell, Miami marked a major milestone as the Property is Rosa Negra's first flagship location in the United States.
GEKKO: Situated across the street from Brickell City Centre, the landmark $1 billion development featuring a 120-retailer shopping center, is GEKKO which opened its doors in August 2022 and immediately gained international popularity. GEKKO is also one of the few restaurants in the area with a liquor license that comes with the property and is owned by the landlord.
AMARA AT PARAISO: Located within the trending Edgewater neighborhood, Amara at Paraiso is the only freestanding, waterfront property in the market and cannot be developed further as the height and sides of the Property are maxed out. Amara at Paraiso recently filled the existing second floor pool to allow for more space when hosting special events, which has created significant revenue growth potential for the Property and future ownership.
EXCELLENT DEMOGRAPHICS: Premier destinations in Miami's highly coveted Brickell Financial District and Edgewater submarket with superior connectivity to Downtown, Design District, Wynwood, and Miami Beach.
RAPID GROWTH IN SURROUNDING MARKETS: Over 15,000 new residential units in development pipeline through 2027 in Brickell and 1,500+ multi-family units under construction in Edgewater.
OPTIMAL LEASE ECONOMICS: Minimal landlord responsibilities for all three properties - creating a passive, growing, and long-term income stream for the landlord from committed tenants.