This is a business opportunity for a new Restaurant in this growing area. This property has 4,404 rentable Sq.Ft, strategically located in a Miami upcoming neighborhood, two blocks west from Miami Design District, and two blocks North of Wynwood. It's in a construction process, complying with all City plans approved. The landlord shall hand over the Premises to Tenant substantially completed in a vanilla shell condition; new grease trap already in place. It will be a NNN lease, the rate for renting this restaurant is $42 as base rent plus $9 per sq/ft as NNN. In order to hand over the premises keys, The landlord is asking for a one-time payment in the amount of $636,000.00 (“Key Money”). The Key Money shall be non-refundable.
4204 NW 2nd Ave, Miami, FL, 33127
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The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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