Tuesday, January 21, 2020
|Five Guys Coming to Miami Beach's Lincoln Road|
|Published Monday, November 25, 2019|
The Five Guys hamburger chain is coming to the eastern edge of the renowned Lincoln Road shopping district at one of the most trafficked intersections in Miami Beach, Florida.
The restaurant is expected to open a 4,020-square-foot location next year at 100 Lincoln Road, at the corner of Lincoln Road and Collins Avenue. The site is at the base of The Decoplage condominium, which fronts the Beachwalk.
Five Guys’ typical footprint is 2,500 square feet, but the chain is taking more space because the location will “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,” Newmark Knight Frank’s Aaron Labovitz said in a statement. The brokerage represented the tenant, while JLL represented the landlord, The Nightingale Group.
“We think it’s a ‘main and main’ location,” JLL’s Zach Winkler said in an interview. “They’re going to do a phenomenal business.”
More than $80 million in improvements are under way along Lincoln Road, one of the nation’s most affluent shopping corridors. Traditional stores are being replaced with smaller concepts that offer customers experiences they can’t get on their iPhones or computers. Nationally, restaurants are taking on a more prominent role in retail developments as landlords seek ways to stand out from online merchants.
The Five Guys location is part of a 13,941-square-foot space, with about 9,900 square feet still available, Winkler said.
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