Emerald Coast Plaza
Retail-Commercial
for Sale
Sale Pending
| Catylist Listing ID: |
30765181 |
| Property Subtypes: |
Convenience Store, Mixed Use, Post Office, Restaurant, Retail-Pad, Street Retail
|
| Status: |
Pending |
| Building Size (RSF): |
7,229 SF
|
| Gross Land Area: |
0.62 Acres
|
| Sale Price: |
$3,800,000 |
| Unit Price: |
$525.66 PSF |
| Has Drive-Thru? |
Yes |
| Property Use Type: |
Net Leased Investment (NNN), Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/15/2022 |
Overview / Comments
3-tenant retail space 100% occupied and available for sale in the heart of Destin's retail district, surrounded by major destination retailers. Highly visible street-front location on Emerald Coast Parkway (US Highway 98), with nearly 60,000 average daily traffic counts.
Surrounding uses include Destin Commons, Publix, Ross, Starbuck's and Panera Bread directly across the street, Bed Bath Beyond, Old Navy, Best Buy and many others. Adjacent parcel being redeveloped into Panda Express.
|
Current Tenants
| Tenant Business Name |
F45 Fitness |
| Tenant Business Name |
Ice Cream Shoppe |
| Tenant Business Name |
Smoke Shop |
Additional Details
| Nearest MSA: |
Crestview-Fort Walton Beach-Destin |
| County: |
Okaloosa |
| Taxing Authority: |
Okaloosa County |
| Tax ID/APN: |
00-2S-22-0587-0000-0020 |
| Retail Clientele: |
General, Family, Business, Traveler, Tourist, Recreation |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Emerald Coast Pkwy (US Highway 98) |
| Traffic/Vehicle Count: |
59,000 |
| Site Description: |
This highly visible property located in the heart of the Destin Retail district. Electronic pylon signage; service road entry at the rear of the building; drive-thru on one side. |
| Area Description: |
Surrounded by Destin’s most sought-after residential/resort communities, and only 1/4 mile from the beach and the highly awarded Henderson Beach Resort & Spa.
Located in the heart of Destin’s thriving retail district, across from new Starbuck’s and new Panera Bread, surrounded by major retail shopping centers and anchor brands, and just a stone’s throw from the market’s primary destination lifestyle center, Destin Commons. |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
1 |
| Year Renovated: |
2005 |
| Total Parking Spaces: |
28 |
| Parking Ratio: |
5.4 (per 1000 SF) |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
3,643 |
10,462 |
18,351 |
| Median Age: |
45.05 |
42.58 |
42.55 |
| Households: |
1,694 |
4,590 |
8,102 |
|
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