Latitude Shopping Center - End Cap w/ Ourdoor Dining

Retail-Commercial for Lease
Catylist Listing ID: 30814428
Property Subtypes: Retail-Pad
Contiguous Space: 3,035 SF
Gross Building Area: See Agent
Lease Rate: $7,587 (Monthly)
$30 PSF (Annual)
Lease Types: NNN
Last Updated: 11/24/2022

Overview / Comments

Remarks:High profile End Cap restaurant space along Highway 98 in Miramar Beach, FL, situated at a traffic signal. This restaurant location has tremendous synergy in the market area. The space consists of 3035 SF interior and has 1020 SF outdoor patio space. This space has been occupied IHOP for over 20 years. Latitudes Shopping Center is a destination retail location with other tenants in place such as Taco Bell, Subway, Holi Indian, Fat Boys Burgers, Dunkin Donuts, T-Mobile, Lost Pizza, Commelfo European Bistro, and several others. Rent is $30/SF base rent + $5/SF NNN fees plus sales tax. Additionally, there will be a $14/SF patio rent factor.

Expand All Available Space

Suite: 205 3,035 SF $7,587 (Monthly) NNN
Space Available: 3,035 SF
Lease Rate: $7,587 (Monthly)
$30 PSF (Annual)
Lease Type: NNN
Space Description: Latitude is a destination inline retail plaza located in South Walton County, Miramar Beach, FL. This high profile inline center has tremendous synergy with existing tenants such as Taco Bell, Dunkin Donuts, Subway, Lost Pizza, Holi Indian Cuisine and others. The location directly on Highway 98 gives excellent visibility to all tenants. There are three existing access points on the property which is inclusive of a traffic signal. The area receives over 4.5 million annual visitors. Average Annual Daily Traffic is 51,000 cars per day. Available for lease- 3035sf to 6335sf of second generation restaurant space with 1020sf of outdoor dining area. This space is available fourth quarter of 2022.
Date Available: 10/1/2022
Lease Term: 120 Months
Space Type: New

Additional Details

Nearest MSA: Crestview-Fort Walton Beach-Destin
County: Walton
Tax ID/APN: 28-2S-21-42000-018-0090

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,009 7,367 13,882
Median Age: 45.84 48.5 45.85
Households: 912 3,455 6,282

Contact

Photograph of Listing Agent

Chad Knaepple CCIM, SIOR

Taylor Allen Properties LLC Gulf Coast CMLS Member
Photograph of Listing Agent

Brett Stuart

Taylor Allen Properties LLC Gulf Coast CMLS Member
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