Nicola Siervo And Roman Jones Lease Retail Space At 404 Northwest North River Drive For Mercante Ristorante
404 Northwest North River Drive
$70,000
$70,000/SF
Building Size
7,900 SF
Asset Type
Retail
Closing
Sep 30, 2026
About this deal
AI
The asset is located at 404 Northwest North River Drive in Miami, FL, and is classified as a retail property. The leased space encompasses 7,900 square feet with an asking rent of $70,000 per month. The lease terms are set for a duration of 15 years.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $70,000/Month
- Lease Duration: 15 years
- Tenant: Nicola Siervo & Roman Jones
- Address: 404 Northwest North River Drive
- Market: Miami, FL
Nicola Siervo and Roman Jones are establishing Mercante Ristorante & Piano Bar at the leased location, featuring an Italian Riviera-inspired design and live entertainment. The restaurant will accommodate 175 seats and includes a 150-foot dock, with an opening planned for later this year.
On the Map
$70,000
$70,000/SF
Retail
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Players
North River 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
226.61%
Cash-on-Cash
-64.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93