Green Dragon Cannabis Dispensary
9.15% CAP | Costco Development nearby | 42,500 VPD
Marketing description
STNL.com is pleased to present for sale a 100% fee simple, single-tenant Green Dragon property located in Pensacola, FL. Three reasons to acquire this property include:
1.First Costco in Pensacola: Costco has received final approval to develop a 172,580 square foot warehouse and fuel station along Nine Mile Road, the first of its kind in the Pensacola market. This warehouse will be 0.8 miles from the subject property and will drive substantial additional traffic to the immediate trade area.
2.Major university proximity: Green Dragon’s location is just 2.5 miles from the University of West Florida. The 1,600-acre campus is home to nearly 15,000 students and this consistent daily traffic and young consumer base can support retail in this area for decades to come.
3.Dense and Affluent Population Base: The property is positioned in the heart of a thriving corridor supported by a large and prosperous consumer base. Within a 5-mile radius, more than 112,000 residents call this area home, with average household income approaching $95,000. This affluence and density support strong retail demand and contribute directly to the 42,500 vehicles per day that pass along Nine Mile Road in front of the property ensuring outstanding visibility and steady customer flow.
Investment highlights
Costco Development: Green Dragon is sitting just 0.8 miles from a future Costco which is the brand’s first store in the Florida Panhandle.
University Proximity: The University of West Florida and its 15,000 students are just 2.5 miles from the subject property.
Affluent Demographics: Within 5 miles, there are more than 112,000 residents with an average household income of nearly $95,000.
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