Rodney Scott's Whole Hog BBQ Signs Lease For 3700 Square Feet At 7100 North Miami Avenue
7100 North Miami Avenue
Building Size
3,700 SF
Asset Type
Retail
Closing
Jan 27, 2025
AI
The property involved in this transaction is a retail space located at 7100 North Miami Avenue in Miami. It encompasses 3,700 square feet and is situated in the Little River area, where the market is poised for growth with increasing commercial activity.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Landlord: Benjamin Weprin - Adventurous Journeys Capital Partners (AJ Capital Partners)
- Tenant: Nick Pihakis - Rodney Scott's Whole Hog BBQ
- Lease Date: 01/27/2025
- First Florida location for Rodney Scott's Whole Hog BBQ
Benjamin Weprin, representing Adventurous Journeys Capital Partners, is the landlord in this deal, while Nick Pihakis represents the interests of Rodney Scott's Whole Hog BBQ, the new tenant in the retail space. The restaurant is part of the Pihakis Restaurant Group and is set to open later this year, showcasing South Carolina-style whole hog barbecue.
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