Maman

NNN Pro is pleased to present the exclusive listing for a Maman located at 136 Miracle Mile, Coral Gables, FL 33134.​ The site consists of roughly 2,616 rentable square feet of building space on an estimated 0.07-acre parcel of land.​ This Maman is subject to a 10-year Triple Net (NNN) lease, which commenced 8/3/2023.​ The current annual rent is $196,163 and has scheduled increases of 3.50% annually.​

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  Frontage Along Miracle Mile | Miracle Mile is a premiere destination and delightful urban experience. It is the city's main street - a symbol of the city's character, attention to detail, and dedication to community placemaking. Miracle Mile has become one of the most sought after-locations in South Florida for visitors and businesses alike. The famed Miracle Mile is home to a tropical shopping experience and more than 120 international restaurants, a paradise for casual and gourmet diners.

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  Attractive Rental Increases | The lease offers 3.50% annual rental increases over the base term while offering 4% annual increases through the one, five-year option period.

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  National and Growing Tenant | Maman started as a "quaint" little shop, in Manhattan's trendy SoHo neighborhood. Now, it's a fast-growing chain of café-bakeries that brought in roughly $47.2 million in sales across 34 locations last year. By 2020, Maman had multiple locations across New York and Canada, and a deal with private equity firm TriSpan that helped expand further adding cafes in Florida, Washington D.C., Connecticut, Maryland, New Jersey, and Pennsylvania.

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  US Coffee Market Size | The US Coffee Market size is estimated at USD 28.06 billion in 2024 and is expected to reach USED 33.64 billion by 2029, growing at a CAGR of 3.69% during the forecasted period (2024-2029). The United States coffee market is experiencing exponential growth due to changing consumer lifestyles.