16685 NW 2nd Ave Miami, FL
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2,200 SF property leased to Curaleaf with 3.8 years remaining.
Type:RETAIL
Property size:
2,200 SFLot size:
0.27 AcresPrice / SF:
$1,727/SF- Added:
- Jul 8, 2024
- Days on Market:
- 661
- Last Refresh:
- Apr 5 at 10:59 pm
Property Features for 16685 NW 2nd Ave
General Information
- Standard status
- Active
- Size
- 2,200 SF
- Lot size
- 0.27 Acres
- Property subtype
- RETAIL
Properties For Sale
at 16685 NW 2nd Ave Contact usListing agent Michael Williams License #FL SL3456361 (516) 428-6050
Listing office Current Real Estate Advisors (516) 428-6050
Listing date Jul 8, 2024
Source Moodyscre
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All listing content including descriptions, pricing, images are the copyrighted material of Current Real Estate Advisors
Overview
Freestanding Single-Tenant Building in Miami
The property is a freestanding single-tenant building with approximately 2,200 square feet of space, situated on a 0.29-acre parcel. It is currently leased to Curaleaf Holdings, Inc., a vertically integrated multi-state cannabis operator, under a NN Lease agreement with minimal landlord responsibilities. The lease has 3.8 years remaining and includes 3% annual increases, as well as one 5-year option period. The property underwent extensive renovations in 2017 to accommodate the tenant's operations. Curaleaf recorded an annual revenue of $1.35B in 2023. The property benefits from direct frontage on NE 167th Street, which sees over 61,500 vehicles per day, and is adjacent to the Goldens Glades Interchange, a central point for Miami-Dade's major highways, including I-95, Florida's Turnpike (FL 836), and the Palmetto Expressway (FL 826), providing significant exposure and visibility. This property offers a steady income stream with strong real estate fundamentals, located at the entrance to North Miami Beach and the 167th Street Corridor.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Curaleaf
(Bike/Boat/Book/etc) Store
Curaleaf Dispensary North ...
(Bike/Boat/Book/etc) Store
Similar Places Nearby
- Phytogenix Specialty Pharmacy — 75 NW 168th St, North Miami Beach, FL 33169
- Lekeshia J. Bush, PharmD — 16800 NW 2nd Ave Suite 100, North Miami Beach, FL 33169
- Top Tier BodySculpting LLC — 540 NW 165th St, Miami, FL 33169
- One Pharmacy Miami — 16400 NW 2nd Ave #100, Miami, FL 33169
- Osama Raoof — 65 NW 167th St, Miami, FL 331696017
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.2041
- Latitude
- 25.9273
Nearby Similar for Sale
FAQs
What type of property is this?
Drug store - 2,200 SF property leased to Curaleaf with 3.8 years remaining.
Where is this drug store located?
The property is located at 16685 NW 2nd Ave Miami, FL.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: NN Lease to Curaleaf Holdings, Inc., a leading cannabis operator with $1.35B annual revenue, providing a stable income stream.; Located on NE 167th St (61,500+ VPD) and adjacent to the Goldens Glades Interchange, offering exceptional exposure.; ±2,200 SF freestanding single‑tenant building on a 12,557 SF parcel in Miami, FL.
