551 Lincoln Rd, Miami Beach, FL

Lincoln Theatre

Description de l'actif

Jones Lang LaSalle (“JLL”) is pleased to present the opportunity to acquire 551 Lincoln Road-Lincoln Theatre, a globally architecturally significant property located at the intersection of Lincoln Road and Pennsylvania Avenue along one of the most dynamic and well known retail districts in the nation. The Property was designed in 1935 by famed cinema architect Thomas Lamb in the classic art-deco style that signifies Miami Beach. Formerly home to the New World Symphony orchestral Academy, 551 Lincoln was completely reimagined by current ownership in 2012, transforming this cultural landmark into one of Miami’s most recognized retail projects. The property totals 35,240 square feet that is currently 98.7% leased to a diverse tenant roster led by H&M, Swatch, Chilli Beans, and Tapelia Spanish Cuisine

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Caractéristiques de l'actif

Surface de l'actif Net

3 274 m²

Occupation

98,7 %

Année de construction

1935

Taille du terrain

0,15 hectare

WALT

2.9 années

Média

Points clés d'investissement

LANDMARK ASSET ALONG COVETED LINCOLN ROAD
NATIONALLY SIGNIFICANT TENANCY
DOMINANT GLOBAL FASHION ANCHOR
STRONG NOI GROWTH PROFILE
LINCOLN ROAD RENAISSANCE
BELOW REPLACEMENT COST
LINCOLN ROAD IS MIAMI’S MOST HEAVILY TRAFFICKED RETAIL DISTRICT
TRANSFORMATIVE DEVELOPMENT IN THE IMMEDIATE VICINITY + GAME-CHANGING CONVENTION CENTER HOTEL
SURGE IN WEALTH MIGRATION WITH $4 BILLION IN SURROUNDING NEW LUXURY RESIDENTIAL DEVELOPMENT