$2,695,000 USD
305-905-3215
16635 NE 19th Ave
Miami, FL 33162
Fulford Bythe Sea
HIGHLIGHTS
- Absolute NNN lease — tenant responsible for all expenses including capex.
- 3.0% annual rent increases delivering predictable NOI growth and inflation protection.
- Backed by Verano Holdings Corp. with 160+ dispensaries and $822M FY 2025 revenue.
- 500-foot school setback rule creates significant barriers to relocation, increasing tenant retention.
- Located just off 163rd Street with 54,500 VPD — North Miami Beach's primary retail artery.
- Minutes from US-1, I-95, Florida's Turnpike, FL-826, and the Golden Glades Interchange.
FOR SALE DETAILS
PRICE
$2,695,000 USD
PRICE/SF
$621 USD /SF
CAP RATE
7.52%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
ADD'L SUBTYPES
Drug Store, Freestanding, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1981
SPRINKLERS
-
PARKING SPACES
16
LAND DETAILS
LAND ACRES
0.26 AC
LAND SF
11,500 SF
ZONING
MU/TC
APN/PARCEL ID
07-2216-001-0280
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305-905-3215
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305-905-3215
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