Retail Space
1190 Northeast 163rd Street North Miami Beach, FL 33162
Details & Description
Price: $8,150,000
    Marcus & Millichap is pleased to present an opportunity to purchase the ground leased interest in a TD Bank located at 1190 NE 163rd St, North Miami Beach, FL. The building size is 4,676 square feet and it is situated on 0.95 acres. This net leased TD Bank has a primary lease term expiring on October 1st, 2037 and is followed by three five-year extension options. Located midway between Miami and Ft. Lauderdale, North Miami Beach is truly at the "Crossroads of South Florida". The city is home to parks, beaches, and bays abound, along with a wide assortment of recreational, cultural, and dining opportunities. TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the United States, providing more than 9.5 million customers with a full range of retail, small business and commercial banking products and services at more than 1,220 convenient locations.
    Property ID:    275525
    Property URL: melqr.com/275525
    Generated:    03-21-25
    Property Highlights
    Additional Photos
    Listing Agents
    Scott Sandelin

    O: 786-522-7009
    scott.sandelin@marcusmillichap.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.
    Retail Space / Florida / North Miami Beach / 33162 / 1190 Northeast 163rd Street

    1190 Northeast 163rd Street

    North Miami Beach, FL 33162

    Listing ID: 275525
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    • 1190 Northeast 163rd Street North Miami Beach, FL 33162 | for Sale | Photo 1
    • 1190 Northeast 163rd Street North Miami Beach, FL 33162 | for Sale | Photo 2
    • 1190 Northeast 163rd Street North Miami Beach, FL 33162 | for Sale | Photo 3
    • 1190 Northeast 163rd Street North Miami Beach, FL 33162 | for Sale | Photo 4
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    1190 Northeast 163rd Street | for Sale | Thumbnail 4
    Building Size: 4,676 SF
    Lot Size: 0.200 AC
    Land Size: 8,712 SF
    Building $/SF: $1,742.94
    Land $/SF: $935.49
    Price
    $8,150,000
    Property Highlights
    Investment Grade Credit Tenant AA- Rating by SP
    Triple-Net Ground Lease Zero Landlord Responsibility
    Over 16.5 Years Remaining of Primary Lease Term
    Hard Corner Signalized Intersection 68,000 Vehicles Per Day
    Across From Mall at 163rd St Anchor Tenants Including Marshalls, Home Depot, Ross and Walmart
    Strong Deposits of $82.9M June 2020
    10 Percent Rental Bump in 2022
    Description

    Marcus & Millichap is pleased to present an opportunity to purchase the ground leased interest in a TD Bank located at 1190 NE 163rd St, North Miami Beach, FL. The building size is 4,676 square feet and it is situated on 0.95 acres. This net leased TD Bank has a primary lease term expiring on October 1st, 2037 and is followed by three five-year extension options. Located midway between Miami and Ft. Lauderdale, North Miami Beach is truly at the "Crossroads of South Florida". The city is home to parks, beaches, and bays abound, along with a wide assortment of recreational, cultural, and dining opportunities. TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the United States, providing more than 9.5 million customers with a full range of retail, small business and commercial banking products and services at more than 1,220 convenient locations.

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    North Miami Beach Area Market Trends

    Listing Demographics for 1190 Northeast 163rd Street North Miami Beach, FL 33162

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

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    Common Questions and Answers

    What is the asking price for 1190 Northeast 163rd Street in North Miami Beach?
    The asking price for 1190 Northeast 163rd Street is $8,150,000
    What is the building size of this Retail property in North Miami Beach, FL?
    The size of the building/unit at 1190 Northeast 163rd Street in North Miami Beach is 4,676 square feet
    How much land does the North Miami Beach, FL property at 1190 Northeast 163rd Street include?
    1190 Northeast 163rd Street in North Miami Beach includes 0.200 acres of land
    What kind of Retail is the property at 1190 Northeast 163rd Street?
    The property at 1190 Northeast 163rd Street North Miami Beach, FL 33162 is listed as a Banking Retail property
    What is the population within 1 mile of 1190 Northeast 163rd Street in North Miami Beach?
    The population within 1 mile of 1190 Northeast 163rd Street North Miami Beach, FL 33162 is 30,003 people.
    Who do I contact for questions about 1190 Northeast 163rd Street?
    You should contact the listing agent, Scott Sandelin , for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi) Directions
    Fort Lauderdale Hollywood International Airport (FLL) 10
    Miami International Airport (MIA) 12
    Palm Beach International Airport (PBI) 53
    Price
    $8,150,000
    Listing Agent
    Scott Sandelin - CRE Agent at

    Scott Sandelin

    Marcus & Millichap

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