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Area Size
NOI Net Operating Income
NIY N/A
Asking Price Contact for pricing
Area Size
NOI Net Operating Income
NIY N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Building Area Net
Land Area Net ()

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer for sale the opportunity to acquire PLANTA South Beach (the “Property”), Miami’s premier location for innovative plant-based fine dining. Completed as a 2018 built-to-suit and the first PLANTA in the state of Florida, the asset is 7,835 SF and sits within a 0.21 acre lot on outstanding physical real estate in the South of Fifth neighborhood in Miami Beach. The asset has 6.5 years of term remaining on a lease with minimal landlord responsibilities.

Investment Highlights

  • ELITE SOUTH BEACH REAL ESTATE: The Property is nestled between Alton Road and Washington Avenue at the southern most point of the island in a dense restaurant corridor that includes Fogo de Chao, Joe’s Stone Crab, Papi Steak, Carbone, and more. The surrounding area has also become a hot spot for luxury residential and hospitality and is home to massive population and rent growth given the state’s favorable business environment.
  • INNOVATIVE AND EXPANDING RESTAURANT CONCEPT: PLANTA is an upscale vegetarian restaurant concept that offers a sustainable and locally sourced menu. The flagship South Beach location was Florida’s first, and its success has led to two other locations in the surrounding area.
  • NET LEASE WITH MINIMAL LANDLORD REPSONSIBILITIES: The Property has a below market $73psf rent ($575,000/yr) with 3.00-5.00% increases annually with one, five year option at 103% of the last paid rent with 3.00% annual increases.
Last Updated Date: 10 Nov 2021

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Last Updated Date: 10 Nov 2021

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