facebook
Traded Co logo
Submit
Daily limit: 0/10

Shōwa Hospitality Signs 10-Year Lease On Lincoln Road Property Trending With Businesses

Property Image
LEASED

Florida

See Similar Deals
Retail
Leased 01/17/2024
the dealplayerscompscontact
Property Image
LEASED

Shōwa Hospitality Signs 10-Year Lease On Lincoln Road Property Trending With Businesses

1211 Lincoln Road

See Similar Deals
Retail
Leased 01/17/2024
Contact now

Summary

FLORIDA
Asset Type:Retail
Transaction Type:Lease

The retail property at 1211 Lincoln Road in Miami Beach has been leased out for a 10-year term. The space, which was previously occupied by Huahua’s Taqueria, will now be taken over by Shōwa Hospitality, owner of The Taco Stand in Wynwood. The lease agreement includes two five-year extension options.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Landlord: Jonathan Fryd - Fryd Properties
  • Tenant: Julian Hakim - Shōwa Hospitality - The Taco Stand
  • Date: 01/17/2024
  • Address: 1211 Lincoln Road
  • Market: Miami Beach

Julian Hakim of Shōwa Hospitality, known for The Taco Stand, has signed a lease agreement to bring a new dining experience to Miami Beach's Lincoln Road. The transition from Huahua’s Taqueria to the upcoming Taco Stand affiliate marks a significant change in the retail landscape of the area.

Details

LEASED
IMAGE: Jonathan Fryd & Julian Hakim DATE: 01/17/2024 ADDRESS: 1211 Lincoln Road MARKET: Miami Beach ASSET TYPE: Retail LANDLORD: Jonathan Fryd - Fryd Properties TENANT: Julian Hakim (@JulianHakim9) - Shōwa Hospitality (@ShowaHospitality) - The Taco Stand (@LetsTaco_) LEASE TERM: 10-year NOTE: Shōwa Hospitality, owner of The Taco Stand in Wynwood, has signed a 10-year lease for a space on Miami Beach's Lincoln Road. The restaurant, likely a Taco Stand affiliate, will replace Huahua’s Taqueria, with the deal starting in January and including two five-year extension options. #

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Effective Rent (Annual)

$573,193.97

Total Lease Value

$5,731,939.66

Net Landlord Cash Flow$573,193.97