Walgreens space on Lincoln Road looking for anchor tenant

Miami /
Oct.October 13, 2015 12:45 PM

A prime retail spot on Miami Beach’s Lincoln Road is up for lease, CBRE announced on Monday. 

The 15,895-square-foot space at 100 Lincoln Road is currently leased to Walgreens. That includes 13,941 square feet on the ground floor with an additional 1,954 square feet on the mezzanine level, according to a press release. CBRE’s Zach Winkler is marketing the property.

Winkler told The Real Deal that the ideal tenant is a fashion retailer, similar to an H&M or Zara, which already have a presence on Lincoln Road.

“You will not find a more visible flagship location in all of South Beach,” Winkler said in the press release. “100 Lincoln is positioned with over 220 feet of frontage on the corner of Lincoln Road and Collins Avenue – Miami Beach’s two most recognizable retail corridors.”

The space is in the 625-unit Decoplage condominium tower, which was built in 1965. It’s just south of the Delano and Ritz-Carlton South Beach hotels and north of the Loews Miami Beach. It can be leased to one retailer or divided into smaller spaces.

Walgreens is expanding to a larger space across the street, Winkler told TRD. Its current space will be available in December.

In September, an entire block of Lincoln Road sold for $370 million – one of the largest real estate deals in Miami-Dade history. A partnership led by local commercial real estate investors and developers Michael Comras and Jonathan Fryd sold the properties to Amancio Ortega, a Spanish fashion billionaire whose empire includes Zara.

Lincoln Road itself is expected to get a facelift, with a master plan proposing such improvements as adding public seating and outdoor space for art and performances, enlarging sidewalks and enhancing adjoining streets.


Related Articles

arrow_forward_ios
Commissioner Ricky Arriola (iStock)

Miami Beach asks for offers to develop lots near Lincoln Road

Miami Beach asks for offers to develop lots near Lincoln Road
Oak Street Jim Hennessey and Marc Zahr with 3100 North Andrews Avenue, Oakland Park

Oak Street Real Estate Capital buys Oakland Park Walgreens for $7M

Oak Street Real Estate Capital buys Oakland Park Walgreens for $7M
Richard Chera of Crown Acquisitions, 947 Lincoln Road rendering

Lincoln Road landlord seeks $32M following court victory over Walgreens

Lincoln Road landlord seeks $32M following court victory over Walgreens
The Lincoln at 1691 Michigan Avenue

Citing Covid-19 shutdown, Williams Sonoma and Pottery Barn want out of Lincoln Road

Citing Covid-19 shutdown, Williams Sonoma and Pottery Barn want out of Lincoln Road
Michael Comras and 947 Lincoln Road (Credit: Google Maps)

Lawsuit accuses Michael Comras, Robert Cayre and Harry Adjmi of dodging $300K judgment

Lawsuit accuses Michael Comras, Robert Cayre and Harry Adjmi of dodging $300K judgment
From left: Miguel Solis, Mario Chirino, and Madelayne Garcia

Longtime Berkshire Hathaway team joins Elliman, CBRE taps new South Florida exec & more

Longtime Berkshire Hathaway team joins Elliman, CBRE taps new South Florida exec & more
David Edelstein, George Gleason and 918-920 Lincoln Road (Google Maps)

Bank OZK seeks to foreclose on David Edelstein’s Lincoln Road buildings

Bank OZK seeks to foreclose on David Edelstein’s Lincoln Road buildings
WeWork Lenox Avenue, WeWork Lincoln Road and CEO Sandeep Mathrani (Lenox location by Katherine Kallergis, WeWork, iStock)

WeMove: WeWork leaves Lincoln Road, consolidates Miami Beach operations to Lenox Ave

WeMove: WeWork leaves Lincoln Road, consolidates Miami Beach operations to Lenox Ave
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...