Highlights
• Frontage 165’ on NW 2nd Ave
Description
Current Real Estate Advisors is pleased to exclusively present the opportunity to acquire Curaleaf (the “Property”), the fee-simple interest in a ±2,200 SF freestanding single-tenant building located on a 12,557 SF (0.29 Acre) parcel in Miami, FL. The Property is leased to Curaleaf Holdings, Inc. – a leading vertically integrated multi-state cannabis operator – on a NN Lease with minimal landlord responsibilities. There are ±3 years remaining on the Lease, which calls for 3% annual increases as well as 1, 5-Year option period. The property went through extensive renovations in 2017 to serve the current tenant’s operations as they continue their expansion throughout Florida. Curaleaf recorded an annual revenue of $1B+ through 3Q2024, showing continued growth year-over-year and projections to exceed their 2023 revenue of $1.35 Billion. Located with direct frontage along NE 167th St (61,500+ VPD) and adjacent to the Goldens Glades Interchange, the congregation point for all of Miami-Dade’s major highways – I-95, Florida’s Turnpike (FL 836) & The Palmetto Expressway (FL 826), the Property presents enviable exposure and visibility. Curaleaf presents a rarely-offered opportunity for an investor looking for a steady, stable income stream with exceptional underlying real estate fundamentals, located at the gateway to North Miami Beach and the 167th Street Corridor.
Listing Details
- Cap Rate
6.21%
- Tenancy
Single
- Space Type
Retail
- Sub Category
Drug Store/Pharmacy
- Sale Type
Investment Sale
- Date Listed
5/9/2025
- Net Operating Income
$236,136
- Parking Info
20 Spaces (9.09 Spaces per 1,000 SF Leased)
- Building FAR
0.18
Property Specifics
- Property Name
Curaleaf - Miami, FL | 16685 NW 2nd Ave
- Property Class
B
- No of Buildings
1
- No of Stories
1
- Year Built
2008
- Building Size
2,262 SF
- Lot Size
0.29 Ac
- APN
30-2113-007-2530
- Zoning
BU-2 - GENERAL BUSINESS