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3419 Main Highway

Keith Menin Of Menin Hospitality Sells Retail Property Leased To Bodega Taqueria Y Tequila For $6.5M
SOLDRetail

Keith Menin Of Menin Hospitality Sells Retail Property Leased To Bodega Taqueria Y Tequila For $6.5M

3419 Main Highway

$6,500,000

$1,960/SF

Building Size

3,315 SF

Asset Type

Retail

Closing

Jul 16, 2025

AI

A retail property located at 3419 Main Highway in Miami has been sold for $6,500,000. The asset is a single-tenant facility covering 3,315 square feet, resulting in a price per square foot of approximately $1,961. The property is leased to Bodega Taqueria y Tequila, and it was sold in an off-market transaction.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $6,500,000
  • Square Footage: 3,315 SF
  • Price per Square Foot: $1,961
  • Address: 3419 Main Highway, Miami
  • Seller: Keith Menin - Menin Hospitality
  • Brokers: Michael Silverman & Jeff Evans - The Comras Company

The transaction involved Michael Silverman and Jeff Evans representing The Comras Company, who facilitated the sale of the property owned by a Keith Menin-led entity to an undisclosed buyer. Bodega Taqueria y Tequila will continue its long-term lease at the location.

Players

Michael Silverman

The Comras Company

Broker

$29.6M

vol

5 deals

Broker
The Comras Company
The Comras CompanyBrokerage
Keith Menin

Keith Menin

Menin Hospitality

Seller

$154.1M

vol

12 deals

Seller

Miami Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.44%

Cash-on-Cash

-0.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93