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Wynwood Prime Restaurant Lease Assignment 415 NW 26th St 4,336 SF of Retail Space Available in Miami, FL 33127
Highlights
- FULLY TURNKEY — OPEN DAY ONE
- BELOW-MARKET RENT — LOCKED IN 3 YEARS
- WYNWOOD — MIAMI'S #1 DINING DESTINATION
- ACTIVE SFS 4COP LIQUOR LICENSE
- NEW CONSTRUCTION — BUILT 2021
- PREMIUM DESIGNED INTERIOR + KEY MONEY $600K
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 4,336 SF | Negotiable | $57.00 /SF/YR $4.75 /SF/MO $613.54 /m²/YR $51.13 /m²/MO $20,596 /MO $247,152 /YR | Triple Net (NNN) |
1st Floor
- Lease rate does not include utilities, property expenses or building services
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 4,336 SF | Gross Leasable Area | 4,339 SF |
| Property Type | Retail | Year Built | 1954 |
| Property Subtype | Storefront | Parking Ratio | 0.92/1,000 SF |
| Total Space Available | 4,336 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 4,339 SF |
| Year Built | 1954 |
| Parking Ratio | 0.92/1,000 SF |
About the Property
DWNTWN Realty Advisors is pleased to exclusively present the opportunity to acquire a lease assignment at 415 NW 26th Street (the "Property" or the "Offering"), a fully built-out, turnkey restaurant and bar located at the epicenter of Wynwood's dining and nightlife corridor in Miami's Wynwood Arts District. Formerly operated as Momosan Wynwood, the space is being offered for assignment with key money, presenting an incoming operator the rare ability to assume an existing lease in one of Miami's most coveted restaurant addresses with minimal lead time and zero buildout risk. Designed and constructed from the ground up in 2021, the Property is move-in ready from day one. All furniture, fixtures, and equipment are included in the assignment, all permits are active and up to date, and a rare SFS 4COP liquor license is in place, eliminating one of the most significant barriers to entry for any food and beverage operator in Miami. An incoming tenant could realistically open within a matter of months of closing the assignment. 415 NW 26th Street sits directly across from Pastis Miami, one of the most celebrated restaurant openings in the city, benefiting from the immense visibility and cross-traffic generated by a marquee neighbor at peak hours. The block ranks among the most foot-trafficked in all of Miami, drawing millions of visitors annually from international tourists to Miami's highest-spending locals, the surrounding tech and creative workforce, and a rapidly growing affluent residential population. Weekend foot traffic rivals South Beach, with strong weekday lunch and dinner trade that makes this location a genuine seven-day operation. This offering represents a once-in-a-market assignment opportunity for an operator seeking to enter or expand within Wynwood without the cost, complexity, or timeline of a ground-up buildout, at an address that cannot be replicated.
Nearby Major Retailers
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Wynwood Prime Restaurant Lease Assignment | 415 NW 26th St
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