Fogo De Chao Signs 15 Year NNN Lease At 1212 Lincoln Road Miami Beach With Russell Galbut
1212 Lincoln Road
$1
$1/SF
Building Size
8,684 SF
Asset Type
Retail
Closing
Mar 1, 2025
About this deal
AI
1212 Lincoln Road is a retail asset located in the Miami Beach market, encompassing 8,684 square feet. This property features a lease agreement structured as a NNN lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 1212 Lincoln Road
- Market: Miami Beach
- Landlord: Russell Galbut
- Tenant: Fogo de Chao
- Landlord's Representative: Lyle Stern & Noah Fox - Vertical Real Estate
- Tenant's Representative: Nico Atherton & Shanna Naim - Skyview Real Estate Partners
- Lease Term: 15 years
The transaction features involvement from Lyle Stern and Noah Fox representing the landlord, while Nico Atherton and Shanna Naim represent the tenant. It is noted that Fogo de Chao is actively seeking additional locations in Florida. Please send all site submittals to [email protected].
On the Map
$1
$1/SF
Retail
View full map
Players
Miami Beach Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Visit Nico Atherton to view all their deals.
Browse Miami Beach retail leases on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15863000.00%
Cash-on-Cash
-4533694.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93