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27975999
29565225

917 Harrison Ave, Panama City, FL 32401

MT
FL BK3217284
STNL
NW
FL SL3477920
STNL
Listed by STNL
$1,265,000
238 days on market
Updated 23 days ago
Opportunity zone

Green Dragon Cannabis Dispensary

Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 5,164
Net Rentable (SqFt) 5,164
Units 1
Cap Rate 9.00%
NOI $113,887
Occupancy 100%
Tenancy Single
Lease Type NN
Lease Term 10.1
Lease Expiration 10/31/2032
Remaining Term 6.4
Rent Bumps Yes
Lease Options 2, 5-year options
Broker Co-Op Yes
Year Built 1974
Year Renovated 2022
Acreage 0.430
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 10/01/2022
Ground Lease No

9.00% CAP | Tenant has 39 locations in FL | Tourism Corridor

Marketing description

STNL.com is pleased to present this 100% fee simple single tenant Green Dragon Dispensary located in Panama City, FL. Three reasons to own this property include:

1. Panama City Mall Redevelopment: Less than two miles from the property, the former Panama City Mall is planned for mixed use redevelopment by Hendon Properties, with conceptual plans calling for over 600,000 square feet of retail, hotel, and residential space. The project represents a long-term catalyst for growth along the corridor and signals renewed investment in the heart of Panama City.

2. Medical Corridor: Positioned between Ascension Sacred Heart Bay and HCA Florida Gulf Coast Hospital, the property sits within one of Bay County’s most active healthcare corridors. This setting supports a steady daytime population of professionals, patients, and visitors, creating a natural environment for wellness-focused retail and service concepts. The consistent flow of nearby healthcare traffic reinforces long term stability and demand within the immediate trade area.

3. Daily Traffic: Located just 0.38 miles north along Harrison Avenue, Bay High School enrolls approximately 1,300 students and serves as a key community institution. The school’s daily operations, athletic programs, and campus events generate consistent local activity that contributes to the corridor’s vitality and long-term retail stability

Investment highlights

Year-round Tourism: More than 17 millions visitors annually visit Bay County to visit the area’s beaches, water activities & festivals meaning year-round retail demand in this area.

Medical Trade Area: The region’s two largest hospitals, combining for over 500 beds, are located within 1.5 miles of the Green Dragon site

Bay High School: This 1,300-student high school is just 0.3 miles from Green Dragon’s location which ensures year-round activity and daily traffic by the property.

Listing Contacts

MT
FL BK3217284
STNL
NW
FL SL3477920
STNL
Listed by STNL

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$113,887.00
$9,490.58/mo

Valuation Metrics

0
DSCR
9%
Cap Rate
9%
ROI

Map

Zoning

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ND MixedMixed UseNeighborhood Downtown
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Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Mark Thompson
License
BK3217284
Brokerage Phone
689.666.9560
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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