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Opportunity to purchase a successful restaurant in the heart of Brickell, one of Miami’s most desirable submarkets. This offering includes the existing tenant’s leasehold interest, together with the furniture, fixtures, and equipment currently in place, allowing for a much easier transition compared to building a restaurant from scratch. The space is fully built out as a restaurant with hood and grease trap. This is an ideal opportunity for an experienced restaurant operator, hospitality group, or brand looking to enter Brickell without the long delays and high costs typically associated with building a new restaurant from the ground up. The restaurant has history of strong performance, with gross sales exceeding $2 million year after year. The business name and trademark are not included in the sale, giving a new operator the flexibility to introduce a new concept, launch a new brand, or expand an existing restaurant chain. The restaurant is located on the ground floor of a high-rise multifamily building and is surrounded by residential towers, hotels, office buildings, and strong pedestrian activity. The site is within a few blocks of Mary Brickell Village, Brickell City Centre, and South Miami Avenue, placing it in the center of one of Miami’s most active dining and lifestyle districts. Seller is seeking $625, 000 as key money for the lease assignment. The existing lease has approximately five years remaining, plus one additional five-year renewal option.
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Our Executive Mortgage Banker:
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$625,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $500,000 | $500,000 | $500,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.424% | 6.615% | 5.952% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,038 | $3,157 | $4,152 |
| Total Monthly Payment | $3,130 | $3,249 | $4,244 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.