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31108453

2305 Ponce de Leon Blvd, Coral Gables, FL 33134

MR
FL CQ1068603, FL SL3501196
Avenue West
Listed by Avenue West
$2,950,000
68 days on market
Updated 67 days ago

Retail Building at Coral Gables

Details
APN 03-4108-007-3290
Property Type Retail
Sub Type Bar, Restaurant
Square Footage 2,557
Net Rentable (SqFt) 2,557
Cap Rate 4.03%
NOI $118,983
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 5
Lease Expiration 10/31/2028
Remaining Term 2.4
Rent Bumps Yes
Lease Options (2) 5 years
Price per SqFt $1,154
Broker Co-Op Yes
Class A
Year Built 1946
Year Renovated 2005
Lot Size (SqFt) 2,613
Investment Type Stabilized
Lease Commencement 11/01/2023
Occupancy Date 11/01/2023

Retail | 4.03% CAP | 2,557 SqFt

Marketing description

Located in the heart of Coral Gables, this prime retail property at 2305 Ponce de Leon Blvd offers investors the opportunity to acquire a fully leased restaurant asset in one of Miami-Dade County's most prestigious and supply-constrained submarkets.

The 2,522 SF freestanding retail building is 100% occupied by Piccola Pizzeria, a well-established european restaurant concept. The property benefits from direct frontage along Ponce de Leon Boulevard, strong pedestrian and vehicular traffic, and proximity to Miracle Mile, Class A office buildings, luxury residential developments, and high-income demographics.

The lease structure provides for annual 3% rental increases and reimbursement of operating expenses, offering built-in NOI growth and inflation hedge characteristics. The tenant operates under a long-term lease with a renewal option, providing income stability while preserving future upside potential.

This is an ideal opportunity for investors seeking stable cash flow in a premier Coral Gables corridor with strong long-term real estate fundamentals.

Please note: In addition to the real estate, the tenant business — Piccola Pizzeria — is also available for sale separately, presenting a unique opportunity for owner-operators or restaurateurs looking to acquire an established concept in this premier location.

Investment highlights

Investment Highlights

  • Prime Coral Gables Location – Trophy address on Ponce de Leon Blvd with strong pedestrian & vehicular traffic

  • 100% Leased Restaurant Asset – 2,522 SF occupied by Piccola Pizzeria

  • Built-In Rent Growth – 3% annual increases throughout the lease term

  • Operating Cost Reimbursement – Tenant pays 100% Allocated Share of Operating Costs

  • 5-Year Renewal Option – At greater of 103% of prior rent or Fair Market Rent

  • Personal Guaranty in Place – Absolute & unconditional guaranty

Listing Contacts

MR
FL CQ1068603, FL SL3501196
Avenue West
Listed by Avenue West

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$118,983.00
$9,915.25/mo

Valuation Metrics

0
DSCR
4.03%
Cap Rate
4.03%
ROI

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Additional Information

Name
Michelle Real
License
CQ1068603
Brokerage
AvenueWest Miami
Brokerage Phone
305-767-2798
Title
Real Estate Broker
Brokerage Address
1100 Southwest 13th Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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