ISLAND PALM SHOPPES - LoopNet · 2019-05-29 · waterslides and water play areas, the park also...

Broker AssociateD. [email protected]

HARRY BELL

ISLAND PALM SHOPPES1 6 0 5 5 E M E R A L D C O A S T P K W Y , D E S T I N , F L 3 2 5 4 1

1 6 0 5 5 E M E R A L D C O A S T P K W Y , D E S T I N , F L / / F O R L E A S E

• 2 •MORE INFORMATION AVAILABLE

BHHSPENFED.COMBroker AssociateD. 850.240.0527harry.bel [email protected]

HARRY BELL

Lease Rate: $19.00 SF/yr (NNN)

Space Type: Retail

Property Type: Grocery Anchored ShadowStrip Center

Building Size: 6,042 SF

Available SF: 1,400 - 3,202 SF

Lot Size: 2.75 Acres

Traffic Count: 54,000

OFFERING SUMMARY PROPERTY OVERVIEWPrime retail space available at the grocery-anchored Island Palm Shoppes located in the heart of Destin, FL. There areinline and endcap suites available; ranging in size from 1,400 SF up to 3,202 SF. Located off the main arterial, Hwy 98,this center benefits from traffic counts in excess of 54,000 cars per day and is the ideal location in one of the mostpopular tourist destinations in the United States. U.S. Highway 98 serves as the main route along Florida's EmeraldCoast and connects Destin to Pensacola and Panama City. Located in a dense retail corridor, the property is surroundedby major national retailers, restaurants, and entertainment.

PROPERTY HIGHLIGHTS• Grocery Anchored Shadow Center

• Excellent retail location across the street from Henderson State Park Beach

• High trafficked location at a signaled intersection; over 54,000 VPD in front of the center

• Ideal retail location in one of the most visited tourist destinations in the United States

• The center is in close proximity to downtown Destin and popular tourist attractions and recreational area

ISLAND PALM SHOPPES16055 EMERALD COAST PKWY, DESTIN, FL 32541

E X E C U T I V E S U M M A R Y

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HARRY BELL

SUITE TENANT SIZE (SF) LEASE TYPE LEASE RATE DESCRIPTION

101 Available 1,941 - 3,202 SF NNN $19.00 SF/yr Endcap unit; can expand into adjacent Ste 102 to create a larger footprint.

105 Available 1,400 SF NNN $19.00 SF/yr

109 Available 1,440 SF NNN $19.00 SF/yr

LEASE TYPE | NNN

TOTAL SPACE | 1,400 - 3,202 SF

LEASE TERM | Negotiable

LEASE RATE | $19.00 SF/yr


A V A I L A B L E S P A C E S

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HARRY BELL


A D D I T I O N A L P H O T O S

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HARRY BELL

DESTIN MSA OVERVIEWDestin is located in Okaloosa County, Florida. It is a principal city of the Fort WaltonBeach-Crestview-Destin, Florida Metropolitan Statistical Area (MSA). Located on Florida'sEmerald Coast, Destin is known for its white sand beaches and emerald green waters. Originatingas a small fishing village, Destin has experienced rapid growth since the 1980's and is now apopular tourist destination. According to Okaloosa & Walton County Development Councils, therewere 4,010,500 visitors in 2017 (8.6% increase from previous year). Florida Department ofEnvironmental Protection has reported over 80% of the Emerald Coast's 4.5 million annual visitorsvisit Destin. Destin styles itself "The World's Luckiest Fishing Village" and claims to have thelargest fishing vessel fleet in the state of Florida. Visitors play a large part in Destin's economy-thecity's population of around 14,000 balloons to over 40,000 during the tourist season. Majoremployers in the Destin MSA include Okaloosa County School District, Walton County SchoolBoard, Fort Walton Beach Medical Center, Lockheed Martin, Walton County Government,Sandestin Golf and Beach Resort, Reliance Test & Technology, Okaloosa Board of CountyCommissioners, North Okaloosa Medical Center, and L3 Crestview Aerospace.

The Emerald Coast is an unofficial name for the coastal area in Florida on the Gulf of Mexico thatstretches about 100 miles through five counties-Escambia, Santa Rosa, Okaloosa, Walton, andBay-from Pensacola to Panama City. The area is known as a family drive destination, attractingtourists from across the Southern United States due to its close proximity; the Emerald Coast is athree-hour drive east of New Orleans. In the first decade of the 21st century, the popularity of theEmerald Coast expanded greatly, leading to new construction booms and seemingly overnightchanges. Many development communities sprang up along the Emerald Coast, raising propertyvalues.

AREA HIGHLIGHTS• » Destin is the most visited city on the Emerald Coast.• » Destin's pure white sand comes from ground quartz crystal from the Appalachian

Mountains, giving Destin some of the softest, whitest beaches in the world.• » Destin is home to Big Kahuna's Water and Adventure Park. Besides more than 40

waterslides and water play areas, the park also offers two thrill rides and a miniaturegolf course.

• » Destin was voted "Best Beach in the South" and "Top Family Destination" for nineyears running by Southern Living Magazine readers. Destin was also picked as the"Best Beach in America" by USA Today.


D E S T I N , F L O R I D A

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R E T A I L E R A E R I A L M A P

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POPULATION 3 MILES 5 MILES 10 MILES

Total population 10,615 17,540 65,723

Median age 41.1 41.1 39.3

Median age (Male) 38.9 39.1 37.5

Median age (Female) 42.1 42.4 41.7

** Destin population during tourist season is 40,000 40,000

HOUSEHOLDS & INCOME 3 MILES 5 MILES 10 MILES

Total households 4,497 7,381 26,066

# of persons per HH 2.4 2.4 2.5

Average HH income $111,109 $101,489 $84,566

Average house value $653,085 $653,239 $338,191

* Demographic data derived from 2010 US Census


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ISLAND PALM SHOPPES - LoopNet · 2019-05-29 · waterslides and water play areas, the park also...

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