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1st Floor - Unit 140-160
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Retail
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6,193 SF
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$12,400,000 USD
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Unit Size: 6,193 SF
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Condo Use: Retail
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Price: $12,400,000 USD
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Sale Type: Investment
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Price/SF: $2,002.26 USD
Sale Notes
DWNTWN Realty Advisors has been retained exclusively to arrange the sale of a premier new construction national credit retail portfolio at Society Wynwood, featuring three prime ground-floor retail condominium units 100% leased to Starbucks, Chipotle, and Insomnia Cookies.
Secured by long-term, triple net (NNN) leases with contractual rent escalations, this institutional-quality offering delivers passive income through a highly favorable, owner-oriented condominium structure that limits landlord exposure. Each tenant delivered and built out its space from shell condition, reflecting significant capital investment and long-term commitment to the location.
At the base of Society Wynwood, a 224-unit luxury multifamily building, retail suites benefit from built-in daily density and consistent pedestrian traffic, with tenant access to on-site parking that enhances functionality relative to much of Wynwood’s high-street retail inventory. Importantly, current rents for Starbucks and Chipotle are materially below prevailing market levels for prime Wynwood street retail, providing downside protection and re-leasing upside in the event of a rollover.
Positioned on Wynwood’s most coveted “cool street,” the assets sit at the center of a high-growth urban core defined by exceptional pedestrian traffic, dense luxury residential development, and expanding creative and tech office demand, representing a rare opportunity to acquire a stabilized, necessity-driven retail footprint in Miami’s most iconic live-work-play district.
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Tony Arellano
DWNTWN Realty Advisors
