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
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.
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