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36236 Emerald Coast Pky
Destin, FL 32541
Shoppes of Destiny · Retail Property For Sale


EXECUTIVE SUMMARY
The Shoppes of Destiny (the "Property") presents a premier investment opportunity in the heart of the Emerald Coast, one of the most vibrant and high-growth markets in the region. This retail center spans 12,734 rentable square feet on 1.35 acres and is supported by a 62-space parking lot, ensuring ample accessibility for visitors and tenants alike. The center is 100% leased to a diverse mix of five established tenants, providing a stable and diversified income stream.
Strategically positioned within a high-income trade area, the property benefits from a population of 50,548 people within a 20-minute drive time and an average household income exceeding $138,000, making it an ideal location for retailers catering to affluent consumers. Additionally, the property boasts exceptional visibility and exposure with traffic counts exceeding 53,000 vehicles per day, driving consistent foot traffic and retail demand.
The Shops of Destiny is located in the Emerald Coast, a renowned tourist destination attracting over 4.5 million visitors annually. Known for its white-sand beaches, world-class fishing, and upscale resorts, the Emerald Coast fuels strong year-round consumer demand. Seasonal influxes from vacationers and second-home residents significantly enhance retail activity, making this center a prime location for long-term investment.
With a compelling combination of local affluence and robust tourism, The Shops of Destiny offers investors a rare opportunity to own a high-performing retail asset in a thriving coastal market.
Strategically positioned within a high-income trade area, the property benefits from a population of 50,548 people within a 20-minute drive time and an average household income exceeding $138,000, making it an ideal location for retailers catering to affluent consumers. Additionally, the property boasts exceptional visibility and exposure with traffic counts exceeding 53,000 vehicles per day, driving consistent foot traffic and retail demand.
The Shops of Destiny is located in the Emerald Coast, a renowned tourist destination attracting over 4.5 million visitors annually. Known for its white-sand beaches, world-class fishing, and upscale resorts, the Emerald Coast fuels strong year-round consumer demand. Seasonal influxes from vacationers and second-home residents significantly enhance retail activity, making this center a prime location for long-term investment.
With a compelling combination of local affluence and robust tourism, The Shops of Destiny offers investors a rare opportunity to own a high-performing retail asset in a thriving coastal market.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,566 SF
Building Class
C
Year Built
2008
Price
$5,950,000
Price Per SF
$473.50
Cap Rate
6.24%
NOI
$371,395
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
2.22
Lot Size
0.13 AC
Parking
66 Spaces (5.25 Spaces per 1,000 SF Leased)
Frontage
270’ on Emerald Coast Pky
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 00-2S-22-0101-000C-0670 | Improvements Assessment | $827,304 |
| Land Assessment | $153,153 | Total Assessment | $980,457 |
PROPERTY TAXES
Parcel Number
00-2S-22-0101-000C-0670
Land Assessment
$153,153
Improvements Assessment
$827,304
Total Assessment
$980,457
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