University Shopping Center - Coral Gables
US - Coral Gables, Americas
5,281 m²
Jones Lang Lasalle Americas, Inc. (“JLL”) is pleased to exclusively offer the opportunity to acquire 318-334 Lincoln Road, 24,259 square feet (115 feet of frontage) of high-street retail along Lincoln Road, South Beach’s premier lifestyle destination. The Property enjoys a gateway location on the 300 block of Lincoln Road, in the heart of South Beach’s oceanfront hotel district.
The Property is 49.7% leased to a tenant roster consisting of Mr. Jones Nightclub, South Beach Munchies Latin Cafe, and Sweet Life Gelato. There are immediate and significant revenue growth opportunities through the lease-up of three vacant suites totaling 12,198 square feet in the near-term, as well as in-place rents 25% below market in the near and long-term.
318-334 Lincoln Road represents the rare opportunity to acquire high-profile retail space with an opportunistic investment profile and redevelopment potential along South Beach’s world-renowned Lincoln Road.