Investment Overview

Marcus & Millichap is pleased to present for sale this trophy, net-leased restaurant located at 2530 Ponce de Leon Boulevard in the heart of Coral Gables, Florida. The subject property consists of approximately 5,500 square feet of high-quality restaurant space, leased in its entirety to Portosole, a finedining Italian concept operated by internationally renowned restaurateur Lucio Zanon. Strategically positioned along Ponce de Leon Boulevard, one of Miami-Dade County’s most prominent and historic commercial corridors, the property enjoys exceptional visibility and access within the heart of Coral Gables. Known as “The City Beautiful,” Coral Gables is one of South Florida’s most affluent and architecturally distinct neighborhoods, home to luxury residences, Class A office space, international consulates, and a vibrant retail and dining scene. The immediate area is a destination for both locals and visitors, characterized by walkable tree-lined boulevards, Mediterranean Revival architecture, and a unique blend of cultural, business, and leisure activity. The property is further enhanced by its proximity to significant new and ongoing developments, including Ponce Park Residences, The Village at Coral Gables, and the highly anticipated Former Sears Site Redevelopment, each of which will contribute to increased foot traffic, neighborhood vibrancy, and long-term real estate value. Coral Gables continues to outperform regional and national benchmarks in household income, property values, and retail demand, supported by high barriers to entry and enduring appeal as one of South Florida’s premier submarkets. The lease is backed by Portosole, LLC with more than four years remaining on the initial term and includes attractive 3 percent annual rental increases throughout the current term and both five-year renewal options. This structure offers investors secure, predictable cash flow with minimal landlord responsibilities, while the current below-market rent provides meaningful potential upside upon renewal or repositioning. This offering represents a rare opportunity to acquire a fee-simple, trophy asset in one of Miami’s most prestigious neighborhoods. With below-market rent providing embedded upside, stable in-place cash flow from a proven operator, and an irreplaceable Coral Gables location, 2530 Ponce de Leon Boulevard stands as a generational-quality investment with lasting fundamentals.