Navarre Parkway Retail Investment Opportunity

6863 Navarre Pkwy, Navarre, FL

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For Sale

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Retail property with long-term lease and high visibility.

Type:RETAIL

Property size:

5,626 SF

Lot size:

0.71 Acres

Price / SF:

$414/SF

HighLights

Long‑term lease with approximately 8 years remaining on the base term, extending to March 2033, plus two 5‑year extension options.
High visibility location with prime frontage on Navarre Parkway (U.S. Highway 98), experiencing high daily traffic (±42,500 VPD).
Strategic positioning at a signalized intersection, providing full access for customers.
Located in a growing market with multiple new developments planned for 2024 and 2025, including recognizable brands.
Tenant is likely to remain due to restrictive zoning regulations for cannabis dispensaries.
Florida's income tax‑free status and significant population growth enhance its appeal for investors and businesses.

We can help!

Listing Contact

Daniel Gonzalez

For Sale

Contact for pricing

Retail property with long-term lease and high visibility.

Type:RETAIL

Property size:

5,626 SF

Lot size:

0.71 Acres

Price / SF:

$414/SF

Added:: Apr 9, 2025
Days on Market:: 433
Last Refresh:: May 20 at 8:01 pm

Property Features for 6863 Navarre Pkwy

General Information

Standard status: Active
Size: 5,626 SF
Lot size: 0.71 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Daniel Gonzalez

Listing agent Daniel Gonzalez License #SL3507121

Listing office Matthews Real Estate Investment Services | Fort Lauderdale

Listing date Apr 9, 2025

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Matthews Real Estate Investment Services | Fort Lauderdale

HighLights

Long‑term lease with approximately 8 years remaining on the base term, extending to March 2033, plus two 5‑year extension options.
High visibility location with prime frontage on Navarre Parkway (U.S. Highway 98), experiencing high daily traffic (±42,500 VPD).
Strategic positioning at a signalized intersection, providing full access for customers.
Located in a growing market with multiple new developments planned for 2024 and 2025, including recognizable brands.
Tenant is likely to remain due to restrictive zoning regulations for cannabis dispensaries.
Florida's income tax‑free status and significant population growth enhance its appeal for investors and businesses.

Overview

This retail property features a long-term lease with approximately 8 years remaining on the base term, extending until March 2033, and includes two additional five-year extension options. The property benefits from its location on Navarre Parkway (U.S. Highway 98), a major thoroughfare with a high daily traffic count of approximately 42,500 vehicles per day. U.S. Highway 98 serves as a key east-west corridor from Alabama to Florida’s east coast, providing exceptional visibility and accessibility. Positioned at a signalized intersection, the property offers full access with right-in, right-out, left-in, and left-out turning movements. The surrounding area of Navarre is experiencing rapid development, with multiple site plans approved for 2024 and 2025, including a new McDonald’s, a Holiday Inn Express, Chipotle, Soundview Point Villas, Panera, and Zoomies Pet Hotel. The property is suitable for cannabis dispensary tenants, who are less likely to relocate due to restrictive zoning regulations. The property is located in Florida, a state with no state income tax.

Property Profile Location Intelligence

Current Use by Public Records

Drug stores

Suggested Use

Similar Places Nearby

Douglas cooper vitamins — Navarre, FL 32566
Divine Health Spot — 1910 Navarre School Rd, Navarre, FL 32566
Coral Calcium Direct — 7552 Navarre Pkwy UNIT 22, Navarre, FL 32566

Location Insight

Map
Local Demand

City: Navarre
County: Santa Rosa
State: Florida
Longitude: -86.9359
Latitude: 30.4017

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For sale
Drug stores
FL
Navarre
6863 Navarre Pkwy

What type of property is this?

Drug store - Retail property with long-term lease and high visibility.

Where is this drug store located?

The property is located at 6863 Navarre Pkwy Navarre, FL.

What is the asking price?

The asking price for this property is $2,334,563.

What are key features of this property?

This property features: Long‑term lease with approximately 8 years remaining on the base term, extending to March 2033, plus two 5‑year extension options.; **High visibility location with prime frontage on Navarre Parkway (U.S. Highway 98), experiencing high daily traffic (±42,500 VPD).**; Strategic positioning at a signalized intersection, providing full access for customers.

6863 Navarre Pkwy, Navarre, FL

Retail property with long-term lease and high visibility.

Property Features for 6863 Navarre Pkwy

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Commercial Property in Navarre, Florida

Coastal Townhome with Rental Potential

Income-Producing Fourplex Near Emerald Coast Beaches

Commercial Property in Navarre, Florida

Commercial Property in Navarre, FL

Highway 87 Commercial Property

Navarre Beach Commercial Building ForSale

Navarre Automotive Shop For Sale

Entitled Hotel Development Site

Income-Producing Fourplex Near Emerald Coast

Retail Property on Highway 98

Highway 98 Navarre Property

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