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Urban-High Street

Macy's Lincoln Road

1675 Meridian Ave, Miami Beach, FL 33139

Listing Price: Request For Offer

Tenant Name
Macy's
Years Remaining On Lease
30.2
Guarantor
Corporate Guarantee
Rentable SF
98,610
Lease Type
Ground Lease
Rent Per Square Feet
$0.28

Investment Overview

Marcus & Millichap is pleased to exclusively present a fully leased retail property in Miami Beach, FL. This offering presents a rare opportunity to acquire a single tenant retail asset in a trophy location. The tenant (Macy’s) is located on Meridian Avenue just one block north of Lincoln Road. The area surrounding the subject is primarily retail, with the nearby “high street” Lincoln Road Mall as a primary retail/entertainment center for the region. Residential uses are located across West Avenue to the west, 17th Street and Meridian Avenue to the northwest, and south of Lincoln Road Mall. Lincoln Road is an open - air, pedestrian-only retail/entertainment area running east/west between 16th and 17th Streets from Alton Road to Washington Avenue. Lincoln Road Mall features over 515,000 square feet of retail space including designer boutiques, national chain stores, sidewalk cafes and restaurants, the Colony Theater and a multi-screen movie theater. Major retailers include Banana Republic, Zara, H&M, Lucky Brand, Forever 21, the Apple Store, Sunglass Hut, The Gap, Nike, and All Saints. Chotto Matte, Rosinella, Segafredo L’Originale, and Juvia are among the restaurants found along Lincoln Road Mall.

Investment Highlights

  • Covered Land Play with Zero Landlord Responsibilities
  • Adjacent to Lincoln Road with Over 6 Million Annual Visitors
  • Adjacent to the Miami Beach Convention Center
  • Across the Street from the 800 Room Grand Hyatt Convention Hotel Project
  • Highest Density Zoning in Miami Beach
  • No Historic Preservation Designation

Exclusively Listed By

Listing Price: Request For Offer

Tenant Name
Macy's
Years Remaining On Lease
30.2
Guarantor
Corporate Guarantee
Rentable SF
98,610
Lease Type
Ground Lease
Rent Per Square Feet
$0.28

Investment Highlights

  • Covered Land Play with Zero Landlord Responsibilities
  • Adjacent to Lincoln Road with Over 6 Million Annual Visitors
  • Adjacent to the Miami Beach Convention Center
  • Across the Street from the 800 Room Grand Hyatt Convention Hotel Project
  • Highest Density Zoning in Miami Beach
  • No Historic Preservation Designation

Investment Overview

Marcus & Millichap is pleased to exclusively present a fully leased retail property in Miami Beach, FL. This offering presents a rare opportunity to acquire a single tenant retail asset in a trophy location. The tenant (Macy’s) is located on Meridian Avenue just one block north of Lincoln Road. The area surrounding the subject is primarily retail, with the nearby “high street” Lincoln Road Mall as a primary retail/entertainment center for the region. Residential uses are located across West Avenue to the west, 17th Street and Meridian Avenue to the northwest, and south of Lincoln Road Mall. Lincoln Road is an open - air, pedestrian-only retail/entertainment area running east/west between 16th and 17th Streets from Alton Road to Washington Avenue. Lincoln Road Mall features over 515,000 square feet of retail space including designer boutiques, national chain stores, sidewalk cafes and restaurants, the Colony Theater and a multi-screen movie theater. Major retailers include Banana Republic, Zara, H&M, Lucky Brand, Forever 21, the Apple Store, Sunglass Hut, The Gap, Nike, and All Saints. Chotto Matte, Rosinella, Segafredo L’Originale, and Juvia are among the restaurants found along Lincoln Road Mall.

Exclusively Listed By

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