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16635 NE 19th Ave 4,337 SF Office Building Miami, FL 33162 $2,695,000 ($621.40/SF) 7.52% Cap Rate
Investment Highlights
- Absolute NNN lease — tenant responsible for all expenses including capex.
- Backed by Verano Holdings Corp. with 160+ dispensaries and $822M FY 2025 revenue.
- Located just off 163rd Street with 54,500 VPD — North Miami Beach's primary retail artery.
- 3.0% annual rent increases delivering predictable NOI growth and inflation protection.
- 500-foot school setback rule creates significant barriers to relocation, increasing tenant retention.
- Minutes from US-1, I-95, Florida's Turnpike, FL-826, and the Golden Glades Interchange.
Executive Summary
Kyle Matthews
Matthews Real Estate Investment Services, Inc
BK3554632, CQ1066435 (FL)
1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550
Property Facts
Amenities
- Bus Line
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Wholesaler
- -
- $44.03
- Triple Net
- Feb 2033
MÜV Medical Cannabis Dispensary and cannabis-infused products are the fruition of what was once just an idea: that everyone deserves access to cannabis. The plant holds untold potential in easing a variety of ailments, potential that cannot be uncovered without constant exploration. Research and development are at the heart of MÜV for this reason. Their R&D team is led by scientists, allowing for continual innovation of alternative cannabis as medicine, including patented transdermal application options. From the corporate team to cultivation and dispensary, their team stays current on research to remain an educated resource on the plant and its compounds, including terpenes and minor cannabinoids. As a member of the Verano family, their resources have expanded tenfold to further the MÜV goal – to provide the best cannabis and cannabis-infused products to Florida’s medical marijuana patients.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Wholesaler | - | $44.03 | Triple Net | Feb 2033 |
Property Taxes
| Parcel Number | 07-2216-001-0280 | Improvements Assessment | $685,000 |
| Land Assessment | $575,000 | Total Assessment | $1,260,000 |
Property Taxes
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16635 NE 19th Ave
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