MIAMI—It's a premier retail opportunity in the heart of Miami Beach's shopping and hotel district. 100 Lincoln Road is us up for grabs.
CBRE is marketing the 15,895-square-foot space, which sits at the crossroads of Lincoln Road and Collins Avenue. That's the busiest corner in South Beach.
“You will not find a more visible flagship location in all of South Beach,” says Zach Winkler, with CBRE's urban/high street retail leasing team. “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.”
Located just south of the Delano and Ritz Carlton South Beach hotels and north of the Loews Miami Beach, the iconic retail property offers a total of 13,941 square feet on the ground floor. There is another 1,954 square feet on the mezzanine level.
How hot is Lincoln Road? Just recently, a block on Lincoln Road sold for $370 million.
The retail property is currently occupied by a national drugstore chain. The standing configuration of the ground floor space allows the space to be leased to one large retailer or divided in various ways for multiple users.
According to the Greater Miami Convention and Visitors Bureau, an estimated 14.6 million visitors spent at least one night in Greater Miami and the Beaches in 2014. That's a record high.
All told, visitors spent $23.8 billion in Greater Miami and the Beaches. The average daily expenditure per visitor was $279.48, and the average expenditure per person per visit was $1,637.75.
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