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
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
166978.95%
Cash-on-Cash
-47723.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93