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551 Lincoln Road

Robert Rivani Leases Retail Space To MYKA In Miami Beach's Lincoln Theatre Building
LEASEDRetail

Robert Rivani Leases Retail Space To MYKA In Miami Beach's Lincoln Theatre Building

551 Lincoln Road

Building Size

550 SF

Asset Type

Retail

Closing

Dec 1, 2025

AI

The retail asset involved in the transaction is located at 551 Lincoln Road, Miami Beach, and has a total space of 550 square feet. The property is part of the Art Deco style Lincoln Theatre building, which was acquired by Robert Rivani for $37 million in August as part of an investment initiative in Miami Beach.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $37 million
  • Address: 551 Lincoln Road
  • Landlord: Robert Rivani - Black Lion
  • Tenant: Natalia Morales & Javier Ezquerro - MYKA
  • Market: Miami Beach
  • Asset Size: 550 square feet

In this lease agreement, the tenant, MYKA, which specializes in Greek yogurt ice cream, will launch its first U.S. location at the newly leased property within the Lincoln Theatre building owned by Robert Rivani.

Players

Robert Rivani

Black Lion

Landlord

$512M

vol

53 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93