Joel Rodriguez 7862857739

The Promenade Shops At 163rd 1765-1781 NE 163rd St 4,521 SF of Retail Space Available in North Miami Beach, FL 33162

HIGHLIGHTS

A strategically placed strip center situated on 163rd Street.
1-story shopping center with 9 retail units plus 1 stand-alone.

One of North Miami Beach’s emerging markets.
Store mix includes national brand tenants like Casual Male DXL, Scrubs & Beyond, and Pollo Tropical.

SPACE AVAILABILITY (1)

1st Floor, Ste 1735-1741
4,521 SF
Negotiable
$28.00 /SF/YR $2.33 /SF/MO $301.39 /m²/YR $25.12 /m²/MO $10,549 /MO $126,588 /YR
Triple Net (NNN)

1705-1741 NE 163rd St - 1st Floor - Ste 1735-1741

Space Use

Retail

Condition

Partial Build-Out

Availability

120 Days

A strategically placed strip center situated on 163rd Street and in one of North Miami Beach’s emerging markets. 1-story shopping center with 9 retail units plus 1 stand-alone. Store mix includes national brand tenants like Casual Male DXL, Scrubs & Beyond, and Pollo Tropical.

Lease rate does not include utilities, property expenses or building services
Partially Built-Out as Standard Retail Space
Located in-line with other retail
1 Available Space of +/- 4,521 SF.
Rate of $28 /sq ft plus $12 CAM per Ft.
Great visibility and high-traffic road
Consolidated commercial area with new residential

Space	Size		Term	Rental Rate	Rent Type
1st Floor, Ste 1735-1741	4,521 SF		Negotiable	$28.00 /SF/YR $2.33 /SF/MO $301.39 /m²/YR $25.12 /m²/MO $10,549 /MO $126,588 /YR	Triple Net (NNN)

Size

4,521 SF

Term

Negotiable

Rental Rate

$28.00 /SF/YR $2.33 /SF/MO $301.39 /m²/YR $25.12 /m²/MO $10,549 /MO $126,588 /YR

Rent Type

Triple Net (NNN)

Space Use

Retail

Condition

Partial Build-Out

Availability

120 Days

Lease rate does not include utilities, property expenses or building services
Partially Built-Out as Standard Retail Space
Located in-line with other retail
1 Available Space of +/- 4,521 SF.
Rate of $28 /sq ft plus $12 CAM per Ft.
Great visibility and high-traffic road
Consolidated commercial area with new residential

The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.

1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.

2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.

3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.

4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.

5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.

6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.

7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.

SELECT TENANTS AT THE PROMENADE SHOPS AT 163RD

Cycle Gear
Retailer
-
-

Pollo Tropical
Accommodation and Food Services
-
-

Rainbow Apparel
Ladies' Apparel
1,383
National

Saloncentric
Health & Beauty Aids
852
International

Scrubs & Beyond
Unisex Apparel
217
National

Visionworks Promenade Shops
Optical
1,456
National

TENANT	DESCRIPTION	US LOCATIONS	REACH
Cycle Gear	Retailer	-	-
Pollo Tropical	Accommodation and Food Services	-	-
Rainbow Apparel	Ladies' Apparel	1,383	National
Saloncentric	Health & Beauty Aids	852	International
Scrubs & Beyond	Unisex Apparel	217	National
Visionworks Promenade Shops	Optical	1,456	National

PROPERTY FACTS

Total Space Available	4,521 SF	Frontage	187’ on 163rd
Center Type	Neighborhood Center	Gross Leasable Area	36,134 SF
Parking	95 Spaces	Total Land Area	1.90 AC
Stores	12	Year Built	1976
Center Properties	4	Cross Streets	N.E. 163rd St. btwn. 17th & 18th Av

Total Space Available	4,521 SF
Center Type	Neighborhood Center
Parking	95 Spaces
Stores	12
Center Properties	4
Frontage	187’ on 163rd
Gross Leasable Area	36,134 SF
Total Land Area	1.90 AC
Year Built	1976
Cross Streets	N.E. 163rd St. btwn. 17th & 18th Av

FEATURES AND AMENITIES

Pylon Sign

Retail Space (1) at Promenade Shops NM v1 (1) (1)

TRAFFIC

COLLECTION STREET	CROSS STREET	TRAFFIC VOLUME	YEAR	Distance
NE 163rd St	NE 18th Ct, W	48,455	2022	0.11 mi
Northeast 163rd Street	NE 21st Ave, E	47,068	2022	0.36 mi
Northeast 159th Street	NE 14th Ave, E	12,903	2022	0.55 mi
Northeast 171st Street	NE 20th Ave, E	6,397	2022	0.55 mi
West Dixie Highway	NE 155th St, SW	14,686	2022	0.59 mi
NE 163rd St	NE 23rd Ave, E	50,311	2022	0.62 mi
W Dixie Hwy	NE 154th St, SW	18,040	2022	0.66 mi
Biscayne Blvd	NE 165th Ter, N	51,478	2022	0.66 mi
Biscayne Boulevard	NE 159th St, W	55,301	2022	0.67 mi
Northeast 19th Avenue	NE 174th St, NW	20,288	2022	0.68 mi