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7535 Southwest 88th Street

Freddo Leases New Location At Dadeland Mall Represented By FA Commercial Brokers
LEASEDRetail

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

Fabio Faerman

FA Commercial

Broker

$271.8M

vol

63 deals

Broker

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