NNN Retail Property For
698 NE 167th St, Miami, FL 33162
NNN leased retail property with long-term extension and rental increases.
Type:Retail
Property size:
5,255 SFPrice / SF:
$747/SF- Added:
- Jan 27, 2026
- Days on Market:
- 105
- Last Refresh:
- Mar 17 at 1:13 pm
Property Features for 698 NE 167th St
General Information
- Standard status
- Active
- Size
- 5,255 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1956
Listing agent Eric Wasserman License #FL CQ1057427
Listing office Acropolis Commercial Advisors LLC
Listing date Jan 27, 2026
Source Crexi
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 Acropolis Commercial Advisors LLC
HighLights
- Absolute NNN Lease with Corporate Guarantee
- Recent Long Term Lease Extension Requested by Tenant
- Enjoy 10% Rental Increases Every 5 Years
- Major Tenant Investment | $750,000 (Est.) with Tenant Performing All Renovations at Own Cost & Expense
- Located in Affluent Infill Location with High Average Household Income ($108,018 within 1 Mile) and Dense Population (27,636 Residents within 1 Mile)
- Proximity to Major Mixed‑Use Developments (Solé Mia $4B+, North Town Center $440M+, Mall at 163rd Street $150M+)
Overview
This NNN leased retail property benefits from a corporate guarantee and features 10% rental increases every 5 years. The tenant recently requested and signed a long-term lease extension, and has made a major investment of approximately $750,000 in renovations, which are being performed at their own cost and expense. The property is situated on a highly-trafficked corridor with direct exposure to over 57,500 vehicles per day and is located 1 mile from the Golden Glades Interchange, which sees over 550,000 vehicles per day. A $908 million expansion project started in 2024. The infill location is surrounded by numerous rooftops, with 27,636 residents within 1 mile and 199,941 residents within 3 miles. The surrounding area is affluent, with an average household income of $108,018 within just 1 mile. The property is in proximity to major mixed-use developments, including Solé Mia ($4B+), North Town Center ($440M+), and Mall at 163rd Street ($150M+). The property size is 5,255 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Gratitude Flooring
Carpet & Flooring Store
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.18569
- Latitude
- 25.928354
Nearby Similar for Sale
FAQs
What type of property is this?
NNN property - NNN leased retail property with long-term extension and rental increases.
Where is this nnn property located?
The property is located at 698 NE 167th St Miami, FL.
What is the asking price?
The asking price for this property is $3,928,571.
What are key features of this property?
This property features: Absolute NNN Lease with Corporate Guarantee; Recent Long Term Lease Extension Requested by Tenant; Enjoy 10% Rental Increases Every 5 Years
