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
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