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| Add caption |
The
footprint of the new Five Guys’ location will be significantly larger than the
franchise’s average 2,500 square feet, which is a nod to 100 Lincoln Road’s
ideal location at the intersection of Lincoln Road and Collins Avenue, South
Beach’s busiest corner.
NKF Managing Director, John Ellis, and NKF Associate,
Aaron Labovitz, represented Five Guys in the lease. JLL Senior Vice
President and Retail Lead for South Florida, Zach Winkler, and JLL
Senior Associate, Jonathan Rosen, represented the landlord,
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| John Ellis |
The
Nightingale Group, in the lease negotiations. The Nightingale Group portfolio
holdings currently span more than 11 million square feet of office and retail
commercial space under management across 22 states.
Founded in 1986, Five Guys is a family-owned fast casual
restaurant franchise specializing in made-to-order hamburgers, hot dogs and
French fries using fresh ingredients.
The brand has expanded to over 1,600 stores spanning 19 countries.
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| Aaron Labovitz, |
The brand has expanded to over 1,600 stores spanning 19 countries.
“Five Guys was looking to expand its presence on South
Beach and was specifically seeking out a hard corner opportunity,” said NKF’s
Labovitz.
“What attracted the tenant to 100 Lincoln
Road was its ability to draw traffic from two of the busiest streets in a
world-famous destination with customers being able to walk right off the beach
and into the restaurant.”
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| Zach Winkler |
Lincoln Road is among South Florida’s top three attractions.
The mile-long pedestrian mall, featuring outdoor shopping, dining, arts and
culture and entertainment, annually attracts more than 11 million visitors from
around the world.
Its status as one the most iconic cultural and commercial pedestrian roads in the U.S. was recognized by its inclusion in the National Register of Historic Places in 2011.
“Food and beverage establishments are key market drivers for
retail right now,” said JLL’s Winkler. “100 Lincoln anchors the east end of
Lincoln Road and sits just across the street from South Beach’s most
world-renowned hotels and beaches.
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| Lincoln Road, Miami Beach, FL |
"The
building is strategically placed to capitalize on Lincoln Road’s pedestrian
traffic, as well as heavy vehicular traffic along Collins Avenue, and is an
ideal corner for the Five Guys franchise.”
CONTACTS:
Nick Banaszak
1718 Peachtree St., Suite 1048
Atlanta, GA 30309
M: 256-457-5384
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