16685 NW 2Nd Ave Miami, FL 33169

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.