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
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