8868 40Th St Miami, FL 33165

This exceptional Class A retail property presents a compelling investment opportunity. Located at 8868 SW 40th St, Miami, FL 33165, in the Bird Road Corridor Urban Area District, this single-story, 4,339 square foot building sits on an 18,750 square foot lot. The property is subject to an absolute NNN lease with Curaleaf, a TSX-listed company with approximately $1.3 billion in 2023 revenue. The lease commenced October 23, 2024, and has a remaining term of 9.9 years, expiring October 22, 2034. The lease includes two five-year renewal options and features a 10% rent increase every five years. The property boasts a strong net operating income (NOI) of $310,000, resulting in an attractive 6.75% cap rate. The asking price is $4,592,592. The building underwent renovations in 2024. This is a fee simple ownership opportunity with significant long-term potential. The property's APN is 30-4021-000-0171. This is a rare chance to acquire a high-quality, net-leased property anchored by a financially stable, nationally recognized tenant in a prime Miami location.