Marcus & Millichap is pleased to present the opportunity to acquire the fee simple interest in Kitchen Social in the Midtown Miami/Wynwood Norte area.​

The asset is located directly across from Midtown Mall with national retailers such as Target, Marshalls, Ross, Party City, Dicks Sporting Goods and many more.​

The subject property has 4,900 square feet of rentable space with a 3,080-square foot lot.​

In 2011, the property underwent a $2.5 million buildout by the prior tenant, George’s, which also included a brand-new roof.​

Currently the tenant has over four years remaining on the lease with one, seven-year option remaining.​

Kitchen Social’s NNN lease is landlord friendly and features 3.75 percent annual increases.​

To provide for easy access to parking, the tenant has a valet parking contract with PK1, who operates directly across the street.​
The property sits in Midtown Miami, situated between the Design District, Wynwood Arts District and the Arts Center and east of interstate 95, which connects to all major roadways in South Florida allowing easy access to area amenities, Downtown Miami, and Coral Gables.​

It is in the Core of Miami and in the market with the largest concentration of new development including multifamily, office spaces, shops, restaurants, bars ,and entertainment venues.​

Additionally, the property is in proximity to Miami Beach.​

Highlights

• ​Net Leased High End Restaurant with a Long History & Strong Following
• ​Triple-Net Lease Featuring 3.75% Annual Increases & Over Four Years Remaining with One Seven-Year Option to Renew
• ​Located in the Wynwood Norte Neighborhood Adjacent to Midtown Miami
• ​Landlord Friendly NNN Lease with Annual Rental Increases
• Numerous Development Projects Under Way Within the Neighborhood
• Densely Populated Area with Over 280,000 People Living Within Three Miles of the Subject Property

For More Retails: Click here