6863 Navarre Pkwy

Long-Term Lease – There are ±7.2 years remaining on the base term of the lease, which runs until March of 2033. The lease also includes two additional five-year extension options.

Sticky Tenant – Cannabis dispensary tenants are less likely to relocate due to restrictive zoning regulations that limit where they can operate. Additionally, dispensaries must maintain a distance of at least 500 feet from any public or private elementary, middle, junior high, or high school.

High Visibility – The subject property boasts prime frontage along Navarre Parkway (U.S. Highway 98), a major thoroughfare with strong daily traffic (±42,500 VPD). U.S. Highway 98 is a key east-west corridor stretching from Alabama to Florida’s east coast, providing exceptional visibility and accessibility.

Excellent Access + Signalized Intersection – The subject property is strategically positioned at a hard signalized intersection, offering full access with right-in, right-out, left-in, and left-out turning movements—maximizing visibility and ease of entry for customers.