Shoppes at Paradise Isle Destin, FLdestincondo.weebly.com/uploads/5/7/4/8/5748069/destin... ·...
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Shoppes at Paradise Isle Destin, FL Weingarten Realty Investors · 2600 Citadel Plaza Drive, Houston, TX 77008 · 1-800-688-8865 · www.weingarten.com Center Highlights The Shoppes at Paradise Isle is located across from Destin Commons in the heart of the retail corridor at the SEC of US Highway 98. The strong tenant mix includes Best Buy, Michaels, Office Depot, Petsmart, and Thomasville. The Emerald Coast receives 4.5 million visitors per year. Center Address: Emerald Coast Pkwy (US 98) at Hutchison St City/State: Destin, FL Population: Trade Area – 81,919 people Avg. Household Income: $85,786 Traffic Counts: US 98 & Mid Bay Bridge Rd - 67,200 Property Size: 172,000 sq. ft. Latitude/Longitude: 30.387649 N, -86.423658 W Leasing Executive Patricia Werhahn Phone: (954) 938-2584 Fax: (954) 351-7010 Email: [email protected] Property Manager Tina S Roberson Phone: (850) 650-5005 Fax: (954) 351-7010 Email: [email protected]
Transcript of Shoppes at Paradise Isle Destin, FLdestincondo.weebly.com/uploads/5/7/4/8/5748069/destin... ·...
Shoppes at Paradise Isle Destin, FL
Weingarten Realty Investors · 2600 Citadel Plaza Drive, Houston, TX 77008 · 1-800-688-8865 · www.weingarten.com
Center Highlights
The Shoppes at Paradise Isle is located across from DestinCommons in the heart of the retail corridor at the SEC of US Highway98. The strong tenant mix includes Best Buy, Michaels, Office Depot,Petsmart, and Thomasville. The Emerald Coast receives 4.5 millionvisitors per year.
Center Address: Emerald Coast Pkwy (US 98) at Hutchison StCity/State: Destin, FLPopulation: Trade Area – 81,919 people Avg. Household Income: $85,786Traffic Counts: US 98 & Mid Bay Bridge Rd - 67,200Property Size: 172,000 sq. ft.Latitude/Longitude: 30.387649 N, -86.423658 W
Leasing ExecutivePatricia WerhahnPhone: (954) 938-2584Fax: (954) 351-7010Email: [email protected]
Property ManagerTina S RobersonPhone: (850) 650-5005Fax: (954) 351-7010Email: [email protected]
FORT LAUDERDALE OFFICE 954.7002 Corporate Office 713.866.6000 TOLL FREE 888.307.0810 www.weingarten.com LOC #FORT LAUDERDALE OFFICE 954.351.7002 Corporate Office 713.866.6000
www.weingarten.comThis site plan is presented solely for the purpose of identifying the approximate locationand size of the building, and intended for use as a reference only.
People-to-People.Coast-to-Coast.
TOLL FREE 888.307.0810 #0507
Shoppes At Paradise IsleU.S. Highway 98 & Hutchinson StreetDestin, Florida 32541
TENANT LIST
1 Johnny O’Quigleys 7,000 SF 2 Available (20’W x70’D) 1,400 SF 3 Available (20’W x 70’D) 1,400 SF 4 The Ultimate Beef Jerky Outlet 1,400 SF 5 Rug Decor Outlet 2,800 SF 6 Design Avenue 2,499 SF 7 Ulta 8,512 SF 8 Michael’s 21,399 SF 9 Available (124’W x 190’D) 26,210 SF 10 Best Buy 29,920 SF 11 PetsMart 20,620 SF 12 Emerald Lady, Inc. 1,000 SF 13 O!ce Depot 21,402 SF 14 Thomasville Furniture 14,908 SF 15 U-Twirl Frozen Yogurt 1,400 SF 16 Rose Nails 1,400 SF 17 Sarah K’s Gourmet 1,400 SF 18 Available (40’W x 70’D) 2,800 SF 19 Available (40’W x 70’D) 2,800 SF 20 Subway 1,400 SF
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Shoppes at Paradise Isle Destin, FL
Weingarten Realty Investors · 2600 Citadel Plaza Drive, Houston, TX 77008 · 1-800-688-8865 · www.weingarten.com
Google Map
Summary Report
L507 Shoppes at Paradise IsleEmerald Coast Pkwy (US 98) at Hutchison StDestin, FL
Source: STI PopStats
KEY VARIABLES TRADE AREAPopulation 81,919Average Household Income $85,786
POPULATION2014 Population 91,6532009 Population 81,9192000 Population 75,137% Population Change 2000 to 2009 9.03%% Population Change 2009 to 2014 11.88%
RACE & ETHNICITY% White 85.39%% Black 3.91%% Asian 2.21%% Other 2.79%% Hispanic 5.70%
INCOME & EDUCATIONMedian Household Income $68,237Average Household Income $85,786% College Graduates 40.76%
AGEMedian Age 42.3% Age < 18 9.98%% Age 65+ 17.93%
HOUSEHOLDS & HOUSINGHouseholds 32,702Average Household Size 2.43Median Housing Value $245,296% Owner Occupied Housing 46.09%% Renter Occupied Housing 19.11%% Vacant Housing 34.79%
WORKPLACE & WORKERSWorkplace Establishments 3,278Workplace Employees (FTE) 49,650% White Collar 64.77%% Blue Collar 35.23%
Summary Report
L507 Shoppes at Paradise IsleEmerald Coast Pkwy (US 98) at Hutchison St
Destin, FL
Longitude: -86.423658
Latitude: 30.387649
Source: STI PopStats
KEY VARIABLES 1 Mile Ring 2 Mile Ring 3 Mile Ring 5 Mile RingPopulation 1,329 3,611 8,076 16,595Average Household Income $97,628 $98,129 $99,116 $97,558
POPULATION2014 Population 1,384 3,976 9,235 19,1502009 Population 1,329 3,611 8,076 16,5952000 Population 1,281 3,216 6,807 14,656% Population Change 2000 to 2009 3.70% 12.31% 18.65% 13.23%% Population Change 2009 to 2014 4.15% 10.09% 14.35% 15.39%
RACE & ETHNICITY% White 91.17% 91.43% 91.66% 91.26%% Black 0.35% 0.50% 0.59% 0.71%% Asian 1.29% 1.28% 1.26% 1.31%% Other 2.04% 1.90% 1.80% 1.82%% Hispanic 5.14% 4.89% 4.69% 4.90%
INCOME & EDUCATIONMedian Household Income $75,589 $76,601 $77,586 $74,877Average Household Income $97,628 $98,129 $99,116 $97,558% College Graduates 46.71% 46.42% 46.19% 43.80%
AGEMedian Age 46.1 46.8 47.4 47.3% Age < 18 9.05% 8.84% 8.64% 8.57%% Age 65+ 20.23% 21.55% 22.67% 22.74%
HOUSEHOLDS & HOUSINGHouseholds 666 1,689 3,689 7,476Average Household Size 1.97 2.11 2.16 2.19Median Housing Value $313,541 $314,796 $316,518 $296,295% Owner Occupied Housing 53.13% 46.10% 40.44% 34.00%% Renter Occupied Housing 19.07% 15.96% 13.54% 11.73%% Vacant Housing 27.80% 37.95% 46.02% 54.27%
WORKPLACE & WORKERSWorkplace Establishments 200 403 589 1,502Workplace Employees (FTE) 1,855 3,782 5,606 14,590% White Collar 69.62% 70.21% 70.66% 68.88%% Blue Collar 30.38% 29.79% 29.34% 31.12%
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Shoppes at Paradise IsleEmerald Coast Pkwy (US 98) at Hutchison St Destin, Fl
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Paradise Isle Shopping Center Features & Benefits
The Emerald Coast and Destin serve as a major vacation destination and attract tourist
throughout the United States as well as internationally; approximately 4.5 million tourists
per year add to the already strong retail demand generated by the existing strong
seasonal and year round consumer base.
Located across the street from Destin Commons (an outdoor mall); these centers work to
create the primary retail shopping hub in the MSA.
U.S Highway 98 is the major east/west thoroughfare in Destin. Crystal Beach Drive turns
into Mid Bay Bridge Rd providing the only major link to the mainland and I-10. These
arterials carry over 67,000 cars per day with nearly all traffic entering the island passing
in front of this center.
The shopping center was built in 2004 and contains 171,837 square feet of GLA with a
parking ratio of 4.57 spaces/1,000sf.
Strong national tenants, Best Buy, Office Depot, Michaels and PetSmart, with excellent
retail performance.
Approximately $152.6 million in total spending is generated each year by visitors to
Destin.
This center serves a regional trade area, encompassing the entire Emerald Coast region
of Florida. This trade area’s year round population of over 80,000 is supplemented by a
large seasonal population and the aforementioned tourist base to generate over $3 billion
in retail sales annually.
Over ½ of the tourists visiting the region stay in rented homes, condo, apartments, and
other non-hotel facilities. These visitors tend to spend more at local establishments than
do hotel customers.
Nearly 30% of all visitors listed “Shopping” as one of their top activities while visiting the
Emerald Coast.
The Median Household income of all visitors is over $70,000 and the average per capita
spending is $105 per day.
The Emerald Coast region is the number two ranked travel destination in Florida (behind
Orlando) for all visitors travelling by car.
The states with the largest numbers of visitors to the region include: GA, NY, NJ, NC,
OH, CA, IL, AL, SC, & TN. These additional customers are typically accustomed to more
sophisticated shopping experiences.
Tourism adds an estimated 30% to the base retail sales generated by the local and
seasonal customer base.
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2020
DesBig Box Co
tin, FLompetition Map
222020
397397
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PublixRoss
Stein MartOld Navy
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9898
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