Adrian Mijares Of Culto Fútbol Leases Retail Space At 744 Lincoln Road Miami Beach
744 Lincoln Road
Building Size
7,400 SF
Asset Type
Retail
Closing
Nov 25, 2024
About this deal
AI
A retail asset located at 744 Lincoln Road in Miami Beach has been leased. The property encompasses a total area of 7,400 square feet. This flagship space will serve as Culto Fútbol's first U.S. store, strategically positioned ahead of the 2026 World Cup.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 744 Lincoln Road
- Market: Miami Beach
- Landlord: Michael Comras - Comras Company
- Tenant: Adrian Mijares - Culto Fútbol
The lease was executed on November 25, 2024. This opening, planned for summer 2025, reflects Lincoln Road's position as a burgeoning destination for international brands and sports culture, showcasing soccer apparel and gear from global teams.
On the Map
Retail
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Miami Beach Retail Market Snapshot
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Deal FAQ
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