Plantation Commons - Now Offering a Broker Bonus!

Shopping Center for Lease
Catylist Listing ID: 29541036
Property Subtypes: Community Center
Contiguous Space: 1,188 - 8,603 SF
Total Available: 5,076 SF
Building Size (RSF): 18,394 SF
Gross Building Area: 121,485 SF
Gross Land Area: 15.23 Acres
Lease Rate: $13.50 - 15 PSF (Annual)
Base Monthly Rent: $1,336 - 9,678
Lease Types: NNN
Building Name: Plantation Commons
Last Updated: 9/18/2017

Overview / Comments

We are offering an incentivized fee equal to 6% of the net base rent for a new lease on any vacancy in Plantation Commons if leases are signed prior to May 1, 2017. Landlord will have full discretion over the suitability of all offers presented. Lease term must be a minimum of five (5) years. Commission will be further subject to the terms of the Landlord’s standard commission agreement. Time is of the essence. Landlord reserves the right at any time to discontinue this Broker Incentive at any time without notice.

Plantation Commons was constructed in 2007 and is currently anchored by Fresh Market, Home Depot, Marshall’s, HomeGoods, Tuesday Morning and Destin Health and Fitness Club. The property is located at the intersection of Commons Drive and Kelly Plantation Drive, just off Emerald Coast Parkway (U.S. 98) the major thoroughfare in Destin.
The center has been experiencing a high level of interest from national and local tenants since being purchased by current owners. 7 new tenants have been signed in the past 6 months including Tuesday Morning, Rise Dance Studio, Jasmine Thai, Everkrisp, Pink and Blue, LexyLeah, and Coast Home Fashions.
2016 estimated operating expenses $3.75 sf/year

• 7 new tenants signed in the past 6 months!
• New tenants include Tuesday Morning, Jasmine Thai, Everkrisp Restaurant, Pink and Blue Baby Boutique, Rise Dance Studio, Coastal Home Fashions and LexyLeah Women's Athletic Apparel.
• Anchored by Fresh Market, Home Depot, Marshalls and Home Goods.
• Located along Hwy. 98 with daily traffic counts near the center exceeding 50,000 CPD.
• "Shadow-Anchored" by the only Home Depot in the Destin Market which draws cross-shopping traffic to the property.

Expand All 3 Spaces Available

Suite: 4467 - C 1,188 SF $13.50 PSF (Annual) NNN
Suite: 4467 D 2,100 SF $13.50 PSF (Annual) NNN
Suite: 4489 - C 1,788 SF $15 PSF (Annual) NNN

Additional Details

Nearest MSA: Crestview-Fort Walton Beach-Destin
County: Okaloosa
Tax ID/APN: 00-2S-22-0000-0001-A173
Market Type: Large
Retail Clientele: General
Property Located Between: Commons Drive East & Commons Dr E
Road Type: 2-Track
Property Visibility: Excellent
Feet of Frontage: 52,000
Area Description: The property is located at the intersection of Commons Drive and Kelly Plantation Drive, just off Emerald Coast Parkway (U.S. 98) the major thoroughfare in Destin.
Total Number of Buildings: 5
Number of Stories: 1
Property Condition: Good
Year Built: 2007
Parking Type: Surface

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,994 10,614 18,351
Median Age: 47.65 42.88 42.55
Households: 914 4,674 8,102

Contact

Photograph of Listing Agent

Justin A. Beck, CCIM, CPM

Beck Partners CRE, LLC Gulf Coast CMLS Member
Photograph of Listing Agent

Stacy Taylor, CCIM

Beck Partners CRE, LLC Gulf Coast CMLS Member
Photograph of Listing Agent

John Fifer, CCIM

Beck Partners CRE, LLC Gulf Coast CMLS Member
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