Akira Back Signs NNN Lease For New Restaurant At 801 South Pointe Drive Miami Beach
801 South Pointe Drive
$100
$100/SF
Building Size
6,458 SF
Asset Type
Retail
Closing
Jun 22, 2026
AI
801 South Pointe Drive is a retail asset located in the Miami Beach market, offering a total square footage of 10,016. The property is leased at a rate of $100 per foot under a NNN Lease agreement.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $100/ft
- Address: 801 South Pointe Drive
- Market: Miami Beach
- Landlord: Brian Anav
- Tenant: Akira Back
- Landlord's Rep: Aaron Butler & Luca Singh Bhalla - Avenue Real Estate Partners
- Tenant's Rep: Lyle Stern - Vertical Real Estate
Akira Back, a Michelin-starred chef and restaurateur, has signed a lease for a new restaurant in Miami Beach’s South of Fifth neighborhood. The restaurant concept will be introduced by INK Entertainment, known for their successful venues such as Amal and Level 6.
Players
Market 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
158630.00%
Cash-on-Cash
-45336.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93