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1930-1940 Ponce De Leon Blvd 211-221 Navarre Ave 3,820 SF of Retail Space Available in Coral Gables, FL 33134
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 1930-1940 Ponce | 3,820 SF | Mar 2029 | $60.15 CAD/SF/YR $5.01 CAD/SF/MO $229,774 CAD/YR $19,148 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 1930-1940 Ponce
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. Key money is $100,000. Approximately 3 years left on the lease and includes a five year option. Rent is approximately $20k a month, including NNN expenses. $/SF is approximately $44 PSF + $19 PSF
- Sublease space available from current tenant
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Space is in Excellent Condition
- Anchor Space
- Central Air Conditioning
- Private Restrooms
- Freezer Space
- Security System
- Closed Circuit Television Monitoring (CCTV)
- Recessed Lighting
- Display Window
- Smoke Detector
- ±3,820 SF fully built-out restaurant
- Prominent frontage on Ponce de Leon Blvd
- Dedicated side entrance on Navarre for deliveries
- 3 years remaining on current lease
- 5-year renewal option available
- Key money $100,000
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at 1930-1940 Ponce De Leon Blvd
- Tenant
- Description
- US Locations
- Reach
- Aroma Del Peru Of Coral Gables
- Restaurant
- 1
- -
- Chabad Of Downtown Coral Gables
- Services
- 1
- -
- Coral Gables Elementary School
- Educational Services
- 1
- -
- Gables Nail Salon
- Services
- 1
- -
- Healthy Route Coral Gables
- Salon/Barber/Spa
- 1
- -
- Noire The Nail Bar
- Services
- 1
- -
| Tenant | Description | US Locations | Reach |
| Aroma Del Peru Of Coral Gables | Restaurant | 1 | - |
| Chabad Of Downtown Coral Gables | Services | 1 | - |
| Coral Gables Elementary School | Educational Services | 1 | - |
| Gables Nail Salon | Services | 1 | - |
| Healthy Route Coral Gables | Salon/Barber/Spa | 1 | - |
| Noire The Nail Bar | Services | 1 | - |
Property Facts
| Total Space Available | 3,820 SF | Gross Leasable Area | 5,800 SF |
| Property Type | Retail | Year Built | 1956 |
| Property Subtype | Restaurant |
| Total Space Available | 3,820 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 5,800 SF |
| Year Built | 1956 |
About the Property
Three retail unit property on Ponce De Leon
Nearby Major Retailers
Presented by
1930-1940 Ponce De Leon Blvd | 211-221 Navarre Ave
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