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16635 NE 19th Ave
Miami, FL 33162 Fulford Bythe Sea

$2,695,000 USD

Storefront For Sale  •  4,337 SF

Property Details

• Property Type Storefront
• Total Building Size 4,337 SF
• Lot Size 0.26 AC
• Building Class B
• Year Built 1981
• Cap Rate 7.52 %
• Tenancy Single
• Zoning MU/TC

30 Transit Score

80 Walk Score

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.

Cap Rate:

7.52 %

Major Tenants

Tenant	SF Occupied	Lease End Date
MÜV		2/1/2033

Public Transportation

Commuter Rail	Drive	Walk	Distance
	7 min	-	2.7 mi
Golden Glades (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail))	10 min	-	4.0 mi
Airport	Drive	Walk	Distance
Fort Lauderdale/Hollywood International	21 min	-	11.5 mi
Miami International	37 min	-	19.6 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	16
Type:	Surface
Included in Rent:	Yes