MisterO1 Extraordinary Pizza Leases Retail Space In Pinecrest For 10 Years
11665 South Dixie Highway
Building Size
2,730 SF
Asset Type
Retail
Closing
Apr 26, 2024
AI
The retail property located at 11665 South Dixie Highway in Pinecrest spans 2,730 square feet. The landlord, MMG Pinecrest Shoppes LLC, recently finalized a 10-year lease agreement with Renato Viola & Umberto Mascagni, who will be operating MisterO1 Extraordinary Pizza at this location.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 11665 South Dixie Highway
- Market: Pinecrest
- Landlord: MMG Pinecrest Shoppes LLC
- Tenant: Renato Viola & Umberto Mascagni - MisterO1 Extraordinary Pizza
- Landlord's Rep: Danny Pou - Horizon Properties
- Tenant's Rep: Michelle Gonzalez - Floridian First Realty
- Lease Term: 10-year
Michelle Gonzalez, representing Floridian First Realty, played a key role in securing a new 10-year lease for MisterO1 Extraordinary Pizza at Pinecrest Shoppes. The decision to open the modern pizzeria in Pinecrest was driven by customer demand and the area's family-friendly atmosphere, which resonates with the brand's core values and target demographic.
Players
Pinecrest Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93