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8888 SW 136th St Miami, FL ...

Freddo Gelato Leases Retail Space At The Falls Shopping Mall In Miami
LEASEDRetail

Freddo Gelato Leases Retail Space At The Falls Shopping Mall In Miami

8888 SW 136th St Miami, FL 33176, USA

$95

$95/SF

Building Size

1,000 SF

Asset Type

Retail

Closing

Jun 22, 2023

AI

The Falls Shopping Mall, an open-air shopping mall located at 8888 Southwest 136th Street in Miami, has successfully leased a retail space to Freddo Gelato. The lease transaction was facilitated by Fabio Faerman and Sebastian Faerman of FA Commercial, serving as exclusive tenant representatives. The retail space spans approximately 1,000 square feet, with an asking rent of $95 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Tenant: Freddo Gelato
  • Address: 8888 Southwest 136th Street, Miami
  • Market: Miami
  • Asking Rent: $95 per square foot

Freddo Gelato, Argentina’s renowned chain specializing in premium artisanal gelato, is expanding its presence in the US market. The Falls Shopping Mall offers an ideal location for Freddo, alongside other reputable brands such as Abercrombie & Fitch, Apple, Bath & Body Works, Brooks Brothers, Coach, Claire’s, Haagen-Dazs, Macy's, Pandora, Shake Shack, and Starbucks. FA Commercial is actively seeking additional sites across South Florida to support Freddo's expansion plans.

Freddo Gelato is currently open to franchise opportunities, providing potential owners with an easily manageable operation that does not require complex kitchen buildouts or exhaust systems. The brand offers a low entry fee, minimal investment per store for buildout costs, and a lack of direct competitors in the high-end traditional gelato space. Interested individuals can find more information about becoming a Freddo franchise owner on their website.

As the exclusive tenant representatives for Freddo Gelato, Fabio Faerman and Sebastian Faerman of FA Commercial successfully facilitated the lease transaction at The Falls Shopping Mall. Freddo continues to seek second-generation retail spaces for further expansion.

Players

Fabio Faerman

FA Commercial

Broker

$274.6M

vol

65 deals

Broker
P
PropertiesLandlord
G
GelatoTenant

Miami Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

166978.95%

Cash-on-Cash

-47723.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93