Log In/Sign Up
Your email has been sent.
MUV 6863 Navarre Pky 5,626 SF Retail Building Navarre, FL 32566 $2,334,563 ($414.96/SF) 7.90% Cap Rate
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
$2,334,563
Price Per SF
$414.96
Cap Rate
7.90%
NOI
$184,431
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 | $845,843 |
| Land Assessment | $282,606 | Total Assessment | $1,128,449 |
PROPERTY TAXES
Parcel Number
22-2S-27-0000-00100-0000
Land Assessment
$282,606
Improvements Assessment
$845,843
Total Assessment
$1,128,449
1 of 4
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
MUV | 6863 Navarre Pky
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.