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4204 Nw 2 Av

Robyn Almodovar And Austin Gaines Lease Retail Space At 4204 Northwest 2nd Avenue In Miami
LEASEDRetail

Robyn Almodovar And Austin Gaines Lease Retail Space At 4204 Northwest 2nd Avenue In Miami

4204 Nw 2 Av

$198,180

$198,180/SF

Building Size

4,404 SF

Asset Type

Retail

Closing

Mar 1, 2026

AI

The retail property located at 4204 Northwest 2nd Avenue in Miami is a prime asset encompassing a total square footage of 4,404. The asking rent for this property is set at $45 per square foot on a NNN lease basis, making it an attractive option for tenants looking to establish their presence in a dynamic market.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $45/ft NNN
  • Address: 4204 Northwest 2nd Avenue
  • Market: Miami
  • Landlord: Alexander Boria - Borluv Developments
  • Tenant: Robyn Almodovar & Austin Gaines
  • Landlord's Rep: Michelle Gonzalez - Floridian First Realty
  • Tenant's Rep: Gerald Flynn
  • Lease Type: NNN Lease

The deal marks a significant collaboration between Chef Robyn Almodovar and restaurateur Austin Gaines, both part of the 4 Corners Hospitality Group. The representation by Gerald Flynn for the tenants facilitated this lease agreement, while Michelle Gonzalez represented the landlord, Borluv Developments, ensuring the vision for this culinary venture was successfully brought to fruition in one of Miami’s most vibrant neighborhoods.

Players

Michelle Gonzalez

Floridian First Realty

Broker

$8.5M

vol

6 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

80.04%

Cash-on-Cash

-22.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93