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Salt & Straw Leases 1,500 SF Retail Space On Lincoln Road In Miami Beach From Terranova Corporation
LEASED
Florida
See Similar DealsRetail1,500 SF
Leased 08/28/2023
LEASED
Salt & Straw Leases 1,500 SF Retail Space On Lincoln Road In Miami Beach From Terranova Corporation
749 Lincoln Road Miami Beach, Florida 33139, Usa
See Similar DealsRetail1,500 SF
Leased 08/28/2023
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:1,500 SF
Transaction Type:Lease
Ice cream chain Salt & Straw has leased a 1,500-square-foot space at 749 Lincoln Road in Miami Beach from Terranova Corporation. This marks Salt & Straw's third location in the city. The shop is set to open soon in the seven-property Lincoln Road portfolio managed by Terranova.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Square Footage: 1,500
- Address: 749 Lincoln Road, Miami Beach
- Market: Miami Beach
Terranova Corporation, owned by Stephen Bittel, acted as the landlord in this lease transaction. Kim Malek, co-founder of Salt & Straw, represented the tenant. Salt & Straw is known for its unique and high-quality ice cream flavors. With this new lease, they are expanding their presence in Miami Beach and joining the seven-property Lincoln Road portfolio managed by Terranova.
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$85,979.09
Total Lease Value
$859,790.95
Net Landlord Cash Flow$85,979.09
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