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3401 North Miami Avenue

James Daunt Of Barnes & Noble Signs 10-Year Lease At Curbline Properties In Miami
LEASEDRetail

James Daunt Of Barnes & Noble Signs 10-Year Lease At Curbline Properties In Miami

3401 North Miami Avenue

Building Size

13,890 SF

Asset Type

Retail

Closing

Dec 15, 2025

AI

The property asset involved in this lease transaction is a retail space located at 3401 North Miami Avenue in Miami, featuring a total square footage of 13,890. This location is part of Curbline Properties’ Collection at Midtown Miami.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not disclosed
  • Landlord: David Lukes - Curbline Properties
  • Tenant: James Daunt - Barnes & Noble
  • Lease Term: 10-year deal includes two five-year extensions

David Lukes represents Curbline Properties in the lease transaction with James Daunt representing Barnes & Noble. This deal marks Barnes & Noble's first major expansion in over a decade, aligning it with other notable tenants such as Target, Dick’s Sporting Goods, and Chipotle. The bookstore plans to open over 60 new locations this year following its acquisition by Elliott Management in 2019.

Players

David Lukes

Landlord

$1.6B

vol

28 deals

Landlord
BN
Barnes & NobleTenant

Miami 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