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
About this deal
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
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