Freddo Leases New Location At Dadeland Mall Represented By FA Commercial Brokers
7535 Southwest 88th Street
$136
$136/SF
Building Size
668 SF
Asset Type
Retail
Closing
Aug 16, 2024
AI
The property involved in this transaction is a retail asset located at 7535 Southwest 88th Street in Miami. The asking rent for the 668 square feet space is $136 per square foot, under a NNN Lease structure. The landlord of the property is Simon Mall, facilitating this lease agreement.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $136/ft
- Square Footage: 668 SF
- Address: 7535 Southwest 88th Street
- Market: Miami
- Landlord: Simon Mall
- Tenant: Freddo
- Brokers: Fabio Faerman & Sebastian Faerman - FA Commercial
- Lease Type: NNN Lease
This lease represents the 16th location for Freddo in South Florida, as the brand continues its expansion efforts. FA Commercial has noted that Freddo is actively seeking additional sites in the region for future growth. Interested parties are encouraged to submit potential sites or inquire about franchise opportunities through FA Commercial.
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
116639.71%
Cash-on-Cash
-33335.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93