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1212 Lincoln Road

Fogo De Chao Signs 15 Year NNN Lease At 1212 Lincoln Road Miami Beach With Russell Galbut
LEASEDRetail

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

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:

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].

Players

Shanna Naim

Skyview Real Estate Partners

Broker

$43.9M

vol

33 deals

Broker

Russell Galbut

Landlord

$1.1B

vol

20 deals

Landlord

Miami Beach Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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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