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6863 Navarre Pky
Navarre, FL 32566
MUV · Retail Property For Sale
Investment Highlights
- LONG-TERM LEASE | There are ±7.2 years remaining on the base term of the lease, which runs until March of 2033.
- GROWING MARKET | Navarre is experiencing rapid development, with multiple site plans approved for 2024 and 2025.
- EXCELLENT ACCESS + SIGNALIZED INTERSECTION | The subject property is strategically positioned at a hard signalized intersection.
- STICKY TENANT | Cannabis dispensary tenants are less likely to relocate due to restrictive zoning regulations that limit where they can operate.
- HIGH VISIBILITY | The subject property boasts prime frontage along Navarre Parkway (U.S. Highway 98), a major thoroughfare with strong daily traffic.
Executive Summary
Broker of Record
Kyle Matthews
License No. CQ1066435 (FL)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Kyle Matthews
License No. CQ1066435 (FL)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
5,626 SF
Building Class
B
Year Built/Renovated
2001/2003
Price
$3,198,351 CAD
Price Per SF
$568.49 CAD
Cap Rate
7.90%
NOI
$252,670 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.71 AC
Zoning
HCD - HCD Commercial
Frontage
Amenities
- Dedicated Turn Lane
- Signage
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Number | 22-2S-27-0000-00100-0000 | Improvements Assessment | $1,235,955 CAD |
| Land Assessment | $393,303 CAD | Total Assessment | $1,629,258 CAD |
Property Taxes
Parcel Number
22-2S-27-0000-00100-0000
Land Assessment
$393,303 CAD
Improvements Assessment
$1,235,955 CAD
Total Assessment
$1,629,258 CAD
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