Listed by JLL Chicago | Americas Headquarters, JLL - Irvine (Orange County), California
Unpriced
GAIA - Miami Beach, FL
Details
Property Type Retail
Sub Type Restaurant, Bar
Square Footage 12,848
Net Rentable (SqFt) 12,848
Units 2
NOI $1,450,121
Tenancy Multi
Lease Type NNN
Remaining Term 11.6
Rent Bumps Yes
Lease Options Various
Year Built 2015
Year Renovated 2026
Ground Lease No
Iconic South Beach Restaurant
Investment highlights
- One of the few trophy restaurant opportunities to be offered for sale within the prestigious Miami Beach “South of Fifth” micro-market
- Two-tenant restaurant offering at the base of Marea, a boutique, 7-story condo building with 30 units at an average price of $2.3 million
- GAIA, the flagship concept of Fundamental Hospitality, accepted the property with no tenant improvement allowances and dedicated ~$25 million for renovation
- Confidential luxury tenant undergoing buildout while simultaneously executing a long-term renewal option to solidify their positioning in the Miami Beach market
- Surrounding restaurants, such as Joe’s Stone Crab, Papi Steak, Prime 112, and Carbone are amongst the highest grossing in the nation
Listing Contacts
Listed by JLL Chicago | Americas Headquarters, JLL - Irvine (Orange County), California
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$1,450,121.00
$120,843.42/mo
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Zoning
CPS-1 CommercialSpecial CommercialCommercial Limited Mixed Use
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View all 28 uses
View all 28 uses Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics
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