DESTIN, FLORIDA

PROPERTY OVERVIEW

SILVER SANDS PREMIUM OUTLETS®

A HOWARD GROUP AND SIMON CENTER

DESTIN, FL

MAJOR METROPOLITAN AREAS

Pensacola: 55 miles Mobile, AL: 115 miles Tallahassee: 135 miles Montgomery, AL: 170 miles

RETAIL

GLA (sq. ft.) 451,000; 110 stores

OPENING DATES

Opened August 1992

RADIUS POPULATION

15 miles: 93,759 30 miles: 236,712 45 miles: 463,864

AVERAGE HH INCOME

30 miles: $71,086

SELECT TENANTS

Saks Fifth Avenue OFF 5TH, Ann Taylor Factory Store, Armani,Banana Republic Factory Store, BCBG, Brooks Brothers Factory Store, Calvin Klein Company Store, Coach, Cole Haan Outlet, Dooney & Bourke, J.Crew Factory, kate spade new york, LACOSTE Outlet, Michael Kors Outlet, NikeFactoryStore, The North Face, Polo Ralph Lauren Factory Store, Tumi, Under Armour, Vera Bradley

TOURISM / TRAFFIC

The center is located in the heart of South Walton, along Northwest Florida’s Gulf Coast, situated west of Sandestin® Golf and Beach Resort. Florida’s Emerald Coast offers 50 miles of turquoise waters and sugar-white-sand beaches stretching along the Gulf of Mexico. The area’s beaches have been voted among the top ten in the country by the Travel Channel, Good Morning America, and Yahoo Travel. The area benefits from three distinct markets: permanent residents, secondary homeowners, and visitors. — The area attracts approximately 17 million visitors a year — The average household income of visitors to the Northwest Florida

region is approximately $98,000 and $134,800 in South Walton — The region also benefits from a year-round season since South

Walton is a favorite area for coastal second homes

Flight travel for the region has increased an estimated 20% with three airports serving the area: Northwest Florida Regional Airport (VPS); Northwest Florida Beaches International Airport (ECP), the first international airport to be built in the U.S. since 1995, 43 miles from the center; and Pensacola International Airport (PNS).

LOCATION / DIRECTIONS

Located on U.S. Hwy. 98. Accessible from the north across the Mid-Bay Bridge from SR 20 and from US Hwy. 331 from I-10, exit Highway 85S at Defuniak Springs.

Dothan

AL

FL

Pensacola

Destin

Panama City Beach

1010

1010

98

98

SILVER SANDS PREMIUM OUTLETSDESTIN, FL

Information accurate as of 5/1/16. Source: SPG Research; trade area demographic information per STI: PopStats (2015).

MASTER PLAN

84

14,776

86A

5,264

86B

4,076

86C

4,738

87

3,701

88

4,400

90

4,500

91

5,001

93

3,246

94

4,129

98

15,647

99

3,080

100

4,400

119

1,562

121

3,968

3,250

126

1,712

149B

150

VACANT

CAV

CAV

VACANT

TNACAV

TOM

MY

HIL

FIG

ER

GN

C

REDI S- POT YRREMROFNEDI

RUOMRA RED

KOBE

HCA

ELATSOPOREATUH SSAL GNUS

TESUE

CLARKS BOSTONIAN

OUTLET

HAGGAR

LEVI'S

OUTLE

T

ZALES

EKRUOBEROT

YNKD

L HPLAR OL OP

ESOB

S' RETRAC

NI ELK NI VLACAI RZA XAM GBCB

RACK ROOM SHOES

SAKS FIFTH AVENUE OFF 5T

H

KITCHEN

COLLECTIO

N

CORNINGWARE

HANESBRANDS

SCI

TLUAV YELK

SPR

SPR

SPR

120'

109.3'

100.

7'

90.7

' 90.7

'

85.3

'

15'9.4'

63.7'

100'

110'

110' 84.8' 20.2'

84.8'

76.9'

91'

33'

100'

100'

85.4'

42.5'

94.5'

43.8'

35.6'

43.8'

40'

28'

142.2'

37.5'

29.5'

45.5'

40.9'

40'

33.7'

110'

' 9. 41 15'

' 9. 41

45.4'

' 2. 02

81.1'

' 55

' 7. 92

90'

' 3. 54

90'

83'

' 4. 56

' 4. 5

' 2. 01

10.4'

' 3. 24

10.4'

' 6. 01

75.3'

' 2. 5

35.6'

' 7. 141

29.7'

' 9. 5

96'

' 3. 48

100'

46.9'

ATM

1

4,757

4

1,562

5

1,575

10

5,832

15

7,500

23

4,522

27

3,827

30

1,624

31

1,583

32

1,546

33

8,914

39

3,177

41

11,216

45

1,500

46

1,520

51

5,021

54

975

55

3,063

57

3,008

59

3,007

61

2,877

64

65

67

68

70

8,736

73

4,950

74

2,014

75

3,505

76

7,214

79

2,001

80

2,400

81

2,003

82

2,511

84

14,776

86A

5,264

86B

4,076

86C

4,738

87

3,701

88

4,400

90

4,500

91

5,001

93

3,246

94

4,129

98

15,647

99

3,080

100

4,400

104

2,545

105

1,700

106

2,511

107

7,360

110

3,300

111

4,359

112

3,932

114

4,982

115

1,624

116

2,414

117

935

118

1,483

119

1,562

121

3,968

122

3,250

123

3,260125

2,042

126

1,712

127

3,851

129

7,993

130A

2,700

132

8,332

134

5,412

136

2,407

137

3,828

138

2,407

139

3,171

140

2,684

141

10,285

143

6,153

144

850

145

2,600

146

1,939

124

194

85A

11,850

48

4,467

47A

1,488

131

2,617

VACANT

TNACAV

TNACAV

TNACAV

VACANT

TNACAV

DE

STI

N G

OU

RM

ET

ALLEB OAI CAZZI P

EMI T

YROTCAF

ECALP SNERDLI HC EHT

TELTUO PAG

TELTUO TSEW ENI N

SREHCEKS

SKROW YTI NRETAM

REDI S- POT YRREPSMROFNEDI AM

RUOMRA REDNU

KOBEER

HCAOC

ELATSOPOREATUH SSAL GNUS

TESUERC EL

CLARKS BOSTONIAN

OUTLET

HAGGAR

LEVI'S

OUTLE

T

ZALES

OTALEG LIT M YKCOR

EKRUOB & YENOOD

EROTS YROTCAF

EL OC HTENNEK

YEKCOJ

STOBLAT

NAAH EL OCSREHTORB SKOORB

ETSOCAL

I MUTERUTUOC YCI UJ

YNKD

NERUAL HPLAR OL OP

ESOB

S' RETRAC

NI ELK NI VLACAI RZA XAM GBCB

RACK ROOM SHOES

SAKS FIFTH AVENUE OFF 5T

H

ETI R EDI RTSEGAGGUL NNAMTRAH

/ ESUOH ETI HW

TEKRAM KCALB

RENGI SED

SECNARGARF

ROLYAT NNA

EROTS YROTCAF

SLAUTNECSE ERAB

CI LBUPER ANANAB

EROTS YROTCAF

MICHAEL K

ORS

ALLEN-E

DMONDS

SHOE

MOVADO

WATERFORD

WEDGEWOOD

HARRY & DAVID

ECNALAB WEN

I KSVORAWS

YROTCAF STUCWERC

NUSCAP

REDUAL EETSE

KCAJ DNA EI NAJ

DOZI

TELTUO TFOL

PERFUMANIA

JOURNEY'S

NAUTICA

LIDS

MERRELL

WILSONS

KITCHEN

COLLECTIO

N

TELTUO REUAB EI DDE

SCORC

EROTS YROTCAF WERC . J

TELTUO EROTS YENSI D

HANESBRANDS

SADI DA

OAKLEY VAULT

SAMSONITE

OSHKOSH B'GOSH

SRETTI FTUO EL GAE NACI REMA

NYLEVE & EERTBARC

REVLI SKI UQ

SCI SA

L'OCCITANE

TLUAV YELKAO

CAR

RAB

BA'S

CH

EESE

BUR

GER

IN

PAR

ADIS

E

MENWOMEN

SPR

SPR

RESTROOMS

SPR

SPR

SPR

MEN

WOMEN

JC

20'

30.7'

29.3'

56.4'

7.9' 25'

15'9.4'

110'

25.1'

87.1'

9.3'

43.8'

19.4'

66.2'

63.7'

110'

44.3'

93.5'

110'

24.4'

31.7'

100'

24.1'

38.3'

24.1'

100'

54.1'

110'

75.8'

72.7'

110' 84.8'

45.4'

20.2'

84.8'

16.9'

10.9

'

76.9'

91'

12.7

'

24'

33'

100'

32.5'

100'

9.1'

85.4'

42.5'

94.5'

37.6'

43.8'

35.6'

43.8'

49.4'

23.6'

6.8'

9'

8.6'

28.3'

25.9'

44.3'

80'

30.2'

20.3'

80'

110'

45.3'

35.7'

39.6'

30'

19.9'25'

51.5'

110'

71.4'

85'

29.5'

20'

8.4'

6.7'

22.6'

85'

22.5'

12'

69.8'

110'

40'

28'

142.2'

110'

37.5'

110'

29.5'

45.5'

40.9'

40'

33.7'

110'

80'

59.5'

19.5'

19.7'

80'

46.6'

117'

51.5'

67.4'

39.7'

77.3'

62.4'

117'

38.7'

32.7'

117'

80'

20.3'

19.8'

19.3'

80'

120'

74.3'

120'

80'

39.7'

110'

45.6' 12.7

'

33'

34'

104.3

'19

.9'

75.3'

20.2'

' 4. 95

48.3'27.1'

79.6'

75.3'

40.7'

40'

39.9'

75.3'

38.2'

' 2. 02

' 2. 02

81.1'

' 55

' 7. 92

90'

' 3. 54

90'

83'

' 4. 56

' 4. 5

' 2. 01

10.4'

' 3. 24

10.4'

' 6. 01

75.3'

' 2. 5

35.6'

' 7. 141

29.7'

' 9. 5

96'

' 3. 48

29.5'

85'

23.6'

28.2'

23.5'

84.9'

85'

29.9'

68.5'

41.5'

35.2'

110'

20.3'

15'

45'

110'

84.5'

92.8'

30.2' 10.4'

49'

110'

62.9'

14.4'

77.4'

39.6'

77.4' 105.4'

105.4'

34.5''1.

82

46.9'

'9.84

1

81.4'

'9.81

8.64'

'9.18

8.64''9.91

20'

59.5'

23.8'

24.6'

ATM

ATM

ATM

ATM

US HWY. 98 / EMERALD COAST PKWY.

AERIAL OVERVIEW

NORTH

US HWY. 98 / EMERALD COAST PKWY.

84

14,776

86A

5,264

86B

4,076

86C

4,738

87

3,701

88

4,400

90

4,500

91

5,001

93

3,246

94

4,129

98

15,647

99

3,080

100

4,400

119

1,562

121

3,968

3,250

126

1,712

149B

150

VACANT

CAV

CAV

VACANT

TNACAV

TOM

MY

HIL

FIG

ER

GN

C

REDI S- POT YRREMROFNEDI

RUOMRA RED

KOBE

HCA

ELATSOPOREATUH SSAL GNUS

TESUE

CLARKS BOSTONIAN

OUTLET

HAGGAR

LEVI'S

OUTLE

T

ZALES

EKRUOBEROT

YNKD

L HPLAR OL OP

ESOB

S' RETRAC

NI ELK NI VLACAI RZA XAM GBCB

RACK ROOM SHOES

SAKS FIFTH AVENUE OFF 5T

H

KITCHEN

COLLECTIO

N

CORNINGWARE

HANESBRANDS

SCI

TLUAV YELK

SPR

SPR

SPR

120'

109.3'

100.

7'

90.7

' 90.7

'

85.3

'

15'9.4'

63.7'

100'

110'

110' 84.8' 20.2'

84.8'

76.9'

91'

33'

100'

100'

85.4'

42.5'

94.5'

43.8'

35.6'

43.8'

40'

28'

142.2'

37.5'

29.5'

45.5'

40.9'

40'

33.7'

110'

' 9. 41 15'

' 9. 41

45.4'

' 2. 02

81.1'

' 55

' 7. 92

90'

' 3. 54

90'

83'

' 4. 56

' 4. 5

' 2. 01

10.4'

' 3. 24

10.4'

' 6. 01

75.3'

' 2. 5

35.6'

' 7. 141

29.7'

' 9. 5

96'

' 3. 48

100'

46.9'

ATM

1

4,757

4

1,562

5

1,575

10

5,832

15

7,500

23

4,522

27

3,827

30

1,624

31

1,583

32

1,546

33

8,914

39

3,177

41

11,216

45

1,500

46

1,520

51

5,021

54

975

55

3,063

57

3,008

59

3,007

61

2,877

64

65

67

68

70

8,736

73

4,950

74

2,014

75

3,505

76

7,214

79

2,001

80

2,400

81

2,003

82

2,511

84

14,776

86A

5,264

86B

4,076

86C

4,738

87

3,701

88

4,400

90

4,500

91

5,001

93

3,246

94

4,129

98

15,647

99

3,080

100

4,400

104

2,545

105

1,700

106

2,511

107

7,360

110

3,300

111

4,359

112

3,932

114

4,982

115

1,624

116

2,414

117

935

118

1,483

119

1,562

121

3,968

122

3,250

123

3,260125

2,042

126

1,712

127

3,851

129

7,993

130A

2,700

132

8,332

134

5,412

136

2,407

137

3,828

138

2,407

139

3,171

140

2,684

141

10,285

143

6,153

144

850

145

2,600

146

1,939

124

194

85A

11,850

48

4,467

47A

1,488

131

2,617

VACANT

TNACAV

TNACAV

TNACAV

VACANT

TNACAV

DE

STI

N G

OU

RM

ET

ALLEB OAI CAZZI P

EMI T

YROTCAF

ECALP SNERDLI HC EHT

TELTUO PAG

TELTUO TSEW ENI N

SREHCEKS

SKROW YTI NRETAM

REDI S- POT YRREPSMROFNEDI AM

RUOMRA REDNU

KOBEER

HCAOC

ELATSOPOREATUH SSAL GNUS

TESUERC EL

CLARKS BOSTONIAN

OUTLET

HAGGAR

LEVI'S

OUTLE

T

ZALES

OTALEG LIT M YKCOR

EKRUOB & YENOOD

EROTS YROTCAF

EL OC HTENNEK

YEKCOJ

STOBLAT

NAAH EL OCSREHTORB SKOORB

ETSOCAL

I MUTERUTUOC YCI UJ

YNKD

NERUAL HPLAR OL OP

ESOB

S' RETRAC

NI ELK NI VLACAI RZA XAM GBCB

RACK ROOM SHOES

SAKS FIFTH AVENUE OFF 5T

H

ETI R EDI RTSEGAGGUL NNAMTRAH

/ ESUOH ETI HW

TEKRAM KCALB

RENGI SED

SECNARGARF

ROLYAT NNA

EROTS YROTCAF

SLAUTNECSE ERAB

CI LBUPER ANANAB

EROTS YROTCAF

MICHAEL K

ORS

ALLEN-E

DMONDS

SHOE

MOVADO

WATERFORD

WEDGEWOOD

HARRY & DAVID

ECNALAB WEN

I KSVORAWS

YROTCAF STUCWERC

NUSCAP

REDUAL EETSE

KCAJ DNA EI NAJ

DOZI

TELTUO TFOL

PERFUMANIA

JOURNEY'S

NAUTICA

LIDS

MERRELL

WILSONS

KITCHEN

COLLECTIO

N

TELTUO REUAB EI DDE

SCORC

EROTS YROTCAF WERC . J

TELTUO EROTS YENSI D

HANESBRANDS

SADI DA

OAKLEY VAULT

SAMSONITE

OSHKOSH B'GOSH

SRETTI FTUO EL GAE NACI REMA

NYLEVE & EERTBARC

REVLI SKI UQ

SCI SA

L'OCCITANE

TLUAV YELKAO

CAR

RAB

BA'S

CH

EESE

BUR

GER

IN

PAR

ADIS

E

MENWOMEN

SPR

SPR

RESTROOMS

SPR

SPR

SPR

MEN

WOMEN

JC

20'

30.7'

29.3'

56.4'

7.9' 25'

15'9.4'

110'

25.1'

87.1'

9.3'

43.8'

19.4'

66.2'

63.7'

110'

44.3'

93.5'

110'

24.4'

31.7'

100'

24.1'

38.3'

24.1'

100'

54.1'

110'

75.8'

72.7'

110' 84.8'

45.4'

20.2'

84.8'

16.9'

10.9

'

76.9'

91'

12.7

'

24'

33'

100'

32.5'

100'

9.1'

85.4'

42.5'

94.5'

37.6'

43.8'

35.6'

43.8'

49.4'

23.6'

6.8'

9'

8.6'

28.3'

25.9'

44.3'

80'

30.2'

20.3'

80'

110'

45.3'

35.7'

39.6'

30'

19.9'25'

51.5'

110'

71.4'

85'

29.5'

20'

8.4'

6.7'

22.6'

85'

22.5'

12'

69.8'

110'

40'

28'

142.2'

110'

37.5'

110'

29.5'

45.5'

40.9'

40'

33.7'

110'

80'

59.5'

19.5'

19.7'

80'

46.6'

117'

51.5'

67.4'

39.7'

77.3'

62.4'

117'

38.7'

32.7'

117'

80'

20.3'

19.8'

19.3'

80'

120'

74.3'

120'

80'

39.7'

110'

45.6' 12.7

'

33'

34'

104.3

'19

.9'

75.3'

20.2'

' 4. 95

48.3'27.1'

79.6'

75.3'

40.7'

40'

39.9'

75.3'

38.2'

' 2. 02

' 2. 02

81.1'

' 55

' 7. 92

90'

' 3. 54

90'

83'

' 4. 56

' 4. 5

' 2. 01

10.4'

' 3. 24

10.4'

' 6. 01

75.3'

' 2. 5

35.6'

' 7. 141

29.7'

' 9. 5

96'

' 3. 48

29.5'

85'

23.6'

28.2'

23.5'

84.9'

85'

29.9'

68.5'

41.5'

35.2'

110'

20.3'

15'

45'

110'

84.5'

92.8'

30.2' 10.4'

49'

110'

62.9'

14.4'

77.4'

39.6'

77.4' 105.4'

105.4'

34.5'

'1.82

46.9'

'9.84

1

81.4'

'9.81

8.64'

'9.18

8.64''9.91

20'

59.5'

23.8'

24.6'

ATM

ATM

ATM

ATM

SURROUNDING AREA CENTERS

Simon Centers Competition

PollardLockhart

RiverviewEunola Madrid

Black

East BrewtonSamson

Flomaton

HartfordRehobeth

Slocomb

Florala

BrewtonMalvern

Geneva

Cinco BayouShalimar

Floridatown

Alford

Noma

Wausau

Goulding

Dickerson City

Mary Esther

Jay

Mulat

Mexico Bea

Pretty Bayou

Garcon Point

Parker

Laguna Beach

Lower Grand Lagoon

Cobbtown

Campbellto

Cedar Grove

Pea Ridge

FidelisLaurel Hill

Caryville

Jacob City

Century

Oriole Beach

Eglin AFB

Cotton

Tiger Point

Paxton

Chipley

Avalon

Bonifay

Graceville

Holley

Roeville

Vernon

Dixonville

Navarre Beach

Ebro

Ponce de LeonPoint Baker

Milton

Bagdad

Pine Level

Grove

Molino

ensacolaMiramar Beach

Westville

DestinWarrington

Brownsdale

Callaway

Brent

Lynn Haven

iew

Wallace

NicevilleEnsley

Springhill

Valparaiso

De Funiak Springs

Tyndall AFB

Harold

Gonzalez

Upper Grand Lagoon

Crestview

Freeport

Panama City Beach

Chumuckla

Ferry Pass

Gulf Breeze

Pace

Munson

Navarre

East Milton

Allentown

Midway

5

2

4

6

56

73

41

2

15 MILES

30 MILES

45 MILES

1 Silver Sands Premium Outlets®2 Cordova Mall3 Destin Commons4 Grand Boulevard at Sandestin5 Panama City Mall6 Pier Park7 Santa Rosa Mall

OTHER RETAIL

SHOPPING CENTERS GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME

Grand Boulevard at Sandestin Miramar Beach, FL 830,000 sf Publix Food & Pharmacy, Chico’s, Tommy

Bahama 3 miles / 4 minutes

Destin Commons Destin, FL 500,000 sf Belk, Bass Pro Shops Outdoor World,

H&M, Whole Foods Market 5 miles / 7 minutes

Santa Rosa Mall Mary Esther, FL 740,000 sf Dillard’s, Sears, JCPenney 20 miles / 32 minutes

Pier ParkPanama City Beach, FL 896,000 sf Dillard’s, JCPenney, Marshalls, Target 33 miles / 42 minutes

Panama City Mall Panama City, FL 694,000 sf Dillard’s, JCPenney, Sears 47 miles / 59 minutes

Cordova Mall Pensacola, FL 922,000 sf Belk, Dillard’s, Best Buy, Bed Bath

& Beyond, Dick’s Sporting Goods 61 miles / 1 hour 33 minutes

OUTLET SHOPPING GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME

Tanger OutletsFoley, AL 557,000 sf VF Outlet, Polo Ralph Lauren

Factory Store 87 miles / 2 hrs 10 minutes

60 Columbia Road Building B 3rd Floor Morristown, NJ 07960 (973) 228-6111 premiumoutlets.com

Simon is a global leader in retail real estate ownership, management and development and an S&P 100 company (Simon Property Group, NYSE:SPG).