For Sale
$1,499,000

16798 Miami AveNorth Miami Beach, FL 33169

Turnkey Retail Investment, High Traffic Area

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fully leased, single-tenant convenience store in North Miami Beach, Florida. The 2,016 square foot building, situated on a substantial 7,500 square foot lot, is currently operating at 100% occupancy under a triple-net (NNN) lease with a remaining term of four years and rent bumps included. Built in 1965 and extensively renovated in 2023, the property boasts a new roof, grease trap, and AC system, minimizing future capital expenditures. The B-2 zoned property offers ample parking with 10 spaces and benefits from its high-visibility location in a prime North Miami Beach area, ensuring consistent rental demand. The expansive lot size presents potential for future expansion or redevelopment, adding significant long-term value. This turnkey investment is ideal for those seeking immediate cash flow and minimal management responsibilities, and is suitable for 1031 exchange transactions. The property address is 16798 N Miami Ave, North Miami Beach, FL 33169, within Miami-Dade County. The asking price is $1,499,000.

Highlights

  • Fully leased convenience store generating immediate cash flow.
  • Triple-net lease (NNN) with tenant responsible for all operating expenses.
  • Recently renovated with a new roof (2023), grease trap, and AC system.
  • High-visibility location in North Miami Beach with strong tenant demand.
  • Large 7,500 sq ft lot offering potential for future expansion or redevelopment.
  • Suitable for 1031 exchange transactions.

Property Details for 16798 Miami Ave

Property type
Retail properties, Grocery and convenience stores
Square Feet
2,016 SF
Year Built/Renovated
1965/2023
Buildings
1
Stories
1

Location Insight

City
North Miami Beach
County
Miami-Dade
State
Florida
Latitude
25.9288441
Longitude
-80.2007352
16798 Miami Ave, North Miami Beach, Florida

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16798 Miami Ave
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