15500 SW 29TH STREET

MIRAMAR, FL 33027

Net Rentable (SF):

17,550 + 6,073

Acres:

2.74

OFFERING MEMORANDUM:

INVESTMENT OVERVIEW

Karson & Co and The Porosoff Group, as exclusive listing broker, is pleased to present the opportunity to acquire an irreplaceable 2nd generation restaurant/bar located at 15500 SW 29th Street in Miramar, FL. The Property is strategically positioned near the Dade County line, adjacent to the Fountains of Miramar/Lakeside Shoppes, and offers irreplaceable visibility from the heavily trafficked I-75 with over 150k VPD. This offering represents a rare and exciting opportunity for restaurateurs and operators to take hold of a prominent, fully-fixturized 2nd generation restaurant space with multiple licenses and abundant on-site parking. Additionally, the Property offers flexible B-2, Community Business District, zoning which allows for hotel or retail/mixed-use with a residential component and offers significant value add via future redevelopment or repositioning.

INVESTMENT HIGHLIGHTS

Opportunity to acquire an extremely rare 2nd generation restaurant and bar space inclusive of all FF&E, licenses (4COP/SFS), and real estate
Easy access to Miramar Parkway and the greater metro area via Florida’s Turnpike, I-75 and I-95
±17,550 SF full-service, sprawling sports bar/restaurant inclusive of ±6,073 SF covered lakefront deck with fire pit lounge area
Expansive ±2.74 AC parcel strategically positioned adjacent to the Fountains of Miramar with prime exposure & visibility from both Miramar Parkway (±58,000 VPD) and I-75 visibility (±150,000 VPD)
Flexible B-2, Community Business District zoning, offers significant value add via future redevelopment or repositioning
Lakefront Sanctuary ideal for large gatherings complete with custom kitchen facilities; Potential repositioning to religious facility/house of worship
High traffic center with over 750k people visiting the Fountains of Miramar annually (visit frequency of 5.29 equating to ±4M total visits annually)
Positioned in a growing area with dense and affluent demographics; Over 313,000 residents with an AHHI of $112k within a 5-mile area
Incredible retail synergy provided by the adjacent power center with other successful retailers & restaurants including Home Depot, Marshalls, HomeGoods, Ross, Pet Supermarket, Chipotle, Panera, Chick-fil-A, Benihana, and Texas Roadhouse