Emerald Coast Plaza

Retail-Commercial for Sale
Catylist Listing ID: 30765181
Property Subtypes: Convenience Store, Mixed Use, Post Office, Restaurant, Retail-Pad, Street Retail
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: 10/2/2021

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)

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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

Contact

Photograph of Listing Agent

Thomas D. Watson

CBRE, Inc. Gulf Coast CMLS Member
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