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Freestanding Single-Tenant Building in Miami

16685 NW 2nd Ave, Miami, FL

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For Sale

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2,200 SF property leased to Curaleaf with 3.8 years remaining.

Type:RETAIL

Property size:

2,200 SF

Lot size:

0.27 Acres

Price / SF:

$1,727/SF

HighLights

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.
Lease includes 3% annual increases, enhancing investment returns.
Minimal landlord responsibilities due to the NN Lease structure.
Extensive renovations completed in 2017.

We can help!

Listing Contact

Michael Williams

For Sale

Contact for pricing

2,200 SF property leased to Curaleaf with 3.8 years remaining.

Type:RETAIL

Property size:

2,200 SF

Lot size:

0.27 Acres

Price / SF:

$1,727/SF

Added:: Jul 8, 2024
Days on Market:: 706
Last Refresh:: May 20 at 9:40 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 us

We can help!

Listing Contact

Michael Williams

Listing agent Michael Williams License #FL SL3456361

Listing office Current Real Estate Advisors

Listing date Jul 8, 2024

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Current Real Estate Advisors

HighLights

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.
Lease includes 3% annual increases, enhancing investment returns.
Minimal landlord responsibilities due to the NN Lease structure.
Extensive renovations completed in 2017.

Overview

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 Location Intelligence

Current Use by Public Records

Curaleaf (Bike/Boat/Book/etc) Store Curaleaf Dispensary North ... (Bike/Boat/Book/etc) Store

Suggested Use

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

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For sale
Drug stores
FL
Miami
16685 NW 2nd Ave

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.

16685 NW 2nd Ave, Miami, FL

2,200 SF property leased to Curaleaf with 3.8 years remaining.

Property Features for 16685 NW 2nd Ave

General Information

Properties For Sale

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Miami Mixed-Use Investment Opportunity

Miami Office Buildings with Redevelopment Potential

Established Automotive Business on Calle 8

Prime Westchester Commercial Property

Updated Two-Story Miami Office Building

Miami Riverfront Mixed-Use Opportunity

Miami Commercial Building For Sale

Miami Warehouse Condo For Sale

Miami Commercial Corner Lot Opportunity

Freestanding Commercial Building on 8th

Miami River Commercial Opportunity

Operating Supermarket on High-Traffic Corner

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