Shoppes at Paradise Isle

Shoppes at Paradise Isle
Destin, FL
Center Highlights
The Shoppes at Paradise Isle is located across from Destin
Leasing Executive
Commons in the heart of the retail corridor at the SEC of US Highway
Patricia Werhahn
Phone: (954) 938-2584
Fax: (954) 351-7010
Email: [email protected]
98. The strong tenant mix includes Best Buy, Michaels, Office Depot,
Petsmart, and Thomasville. The Emerald Coast receives 4.5 million
visitors per year.
Center Address: Emerald Coast Pkwy (US 98) at Hutchison St
City/State: Destin, FL
Population: Trade Area – 81,919 people
Property Manager
Tina S Roberson
Phone: (850) 650-5005
Fax: (954) 351-7010
Email: [email protected]
Avg. Household Income: $85,786
Traffic Counts: US 98 & Mid Bay Bridge Rd - 67,200
Property Size: 172,000 sq. ft.
Latitude/Longitude: 30.387649 N, -86.423658 W
Weingarten Realty Investors · 2600 Citadel Plaza Drive, Houston, TX 77008 · 1-800-688-8865 · www.weingarten.com
Shoppes At Paradise Isle
U.S. Highway 98 & Hutchinson Street
Destin, Florida 32541
People-to-People.Coast-to-Coast.
U.S. HIGHWAY 98
NORTH
OWNED
BY OTHERS
PY
NO
CA
OWNED
BY OTHERS
HUTCHINSON STREET
OWNED
BY OTHERS
TENANT LIST
OWNED
BY OTHERS
20
19
18
1
17
16
15
2
3
4
13
12
14
11
10
9
7
8
This site plan is presented solely for the purpose of identifying the approximate location
and size of the building, and intended for use as a reference only.
6
CRY
STAL
BEA
CH
DRIV
E
5
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Johnny O’Quigleys
Available (20’W x70’D)
Available (20’W x 70’D)
The Ultimate Beef Jerky Outlet
Rug Decor Outlet
Design Avenue
Ulta
Michael’s
Available (124’W x 190’D)
Best Buy
PetsMart
Emerald Lady, Inc.
Office Depot
Thomasville Furniture
U-Twirl Frozen Yogurt
Rose Nails
Sarah K’s Gourmet
Available (40’W x 70’D)
Available (40’W x 70’D)
Subway
7,000
1,400
1,400
1,400
2,800
2,499
8,512
21,399
26,210
29,920
20,620
1,000
21,402
14,908
1,400
1,400
1,400
2,800
2,800
1,400
FORTFORT
LAUDERDALE
LAUDERDALE
OFFICE
OFFICE
954.351.7002
954.7002 Corporate Office 713.866.6000
www.weingarten.com
TOLL FREE 888.307.0810
SF
SF
SF
SF
SF
SF
SF
SF
SF
SF
SF
SF
SF
SF
SF
SF
SF
SF
SF
SF
LOC
#
#0507
Shoppes at Paradise Isle
Destin, FL
Google Map
Weingarten Realty Investors · 2600 Citadel Plaza Drive, Houston, TX 77008 · 1-800-688-8865 · www.weingarten.com
Summary Report
L507 Shoppes at Paradise Isle
Emerald Coast Pkwy (US 98) at Hutchison St
Destin, FL
Source: STI PopStats
KEY VARIABLES
Population
Average Household Income
TRADE AREA
81,919
$85,786
POPULATION
2014 Population
2009 Population
2000 Population
% Population Change 2000 to 2009
% Population Change 2009 to 2014
91,653
81,919
75,137
9.03%
11.88%
RACE & ETHNICITY
% White
% Black
% Asian
% Other
% Hispanic
85.39%
3.91%
2.21%
2.79%
5.70%
INCOME & EDUCATION
Median Household Income
Average Household Income
% College Graduates
$68,237
$85,786
40.76%
AGE
Median Age
% Age < 18
% Age 65+
42.3
9.98%
17.93%
HOUSEHOLDS & HOUSING
Households
Average Household Size
Median Housing Value
% Owner Occupied Housing
% Renter Occupied Housing
% Vacant Housing
WORKPLACE & WORKERS
Workplace Establishments
Workplace Employees (FTE)
% White Collar
% Blue Collar
32,702
2.43
$245,296
46.09%
19.11%
34.79%
3,278
49,650
64.77%
35.23%
Summary Report
L507 Shoppes at Paradise Isle
Emerald Coast Pkwy (US 98) at Hutchison St
Destin, FL
Longitude: -86.423658
Latitude: 30.387649
Source: STI PopStats
KEY VARIABLES
Population
Average Household Income
1 Mile Ring
1,329
$97,628
2 Mile Ring
3,611
$98,129
3 Mile Ring
8,076
$99,116
5 Mile Ring
16,595
$97,558
1,384
1,329
1,281
3.70%
4.15%
3,976
3,611
3,216
12.31%
10.09%
9,235
8,076
6,807
18.65%
14.35%
19,150
16,595
14,656
13.23%
15.39%
RACE & ETHNICITY
% White
% Black
% Asian
% Other
% Hispanic
91.17%
0.35%
1.29%
2.04%
5.14%
91.43%
0.50%
1.28%
1.90%
4.89%
91.66%
0.59%
1.26%
1.80%
4.69%
91.26%
0.71%
1.31%
1.82%
4.90%
INCOME & EDUCATION
Median Household Income
Average Household Income
% College Graduates
$75,589
$97,628
46.71%
$76,601
$98,129
46.42%
$77,586
$99,116
46.19%
$74,877
$97,558
43.80%
AGE
Median Age
% Age < 18
% Age 65+
46.1
9.05%
20.23%
46.8
8.84%
21.55%
47.4
8.64%
22.67%
47.3
8.57%
22.74%
666
1.97
$313,541
53.13%
19.07%
27.80%
1,689
2.11
$314,796
46.10%
15.96%
37.95%
3,689
2.16
$316,518
40.44%
13.54%
46.02%
7,476
2.19
$296,295
34.00%
11.73%
54.27%
200
1,855
69.62%
30.38%
403
3,782
70.21%
29.79%
589
5,606
70.66%
29.34%
1,502
14,590
68.88%
31.12%
POPULATION
2014 Population
2009 Population
2000 Population
% Population Change 2000 to 2009
% Population Change 2009 to 2014
HOUSEHOLDS & HOUSING
Households
Average Household Size
Median Housing Value
% Owner Occupied Housing
% Renter Occupied Housing
% Vacant Housing
WORKPLACE & WORKERS
Workplace Establishments
Workplace Employees (FTE)
% White Collar
% Blue Collar
Shoppes at Paradise Isle
Emerald Coast Pkwy (US 98) at Hutchison St
St a
te H
wy
123
Sta
NC
oun
ty H
ig
St
at
e
wy
US H 331
1
U S Hwy 33 S
85
Road
State
Sta
te H
wy
285
Bill Davis Way
SF
85
C
ou
nt
y
wy83
S tat e H
Destin, Fl
285
331
Hw
y
85
Ce
nter
20
Hi ghwa y 20 W
S ta te
H ig
hw
ay
20
d
River R
State
Hwy 3
E
98
0
78
Hwy 23
Shoppes at Paradise Isle
County 98
Chat Holly Rd
Emerald Coast
Pkwy
Cou
n ty
Hig
hw a
y 30
A
Custom Boundary
30
U S Highw
EC
oun
t
N
0
3
Miles
© 2006 Pitney Bowes MapInfo, Troy, New York. All rights reserved. 1-800-489-8829
Airport
Rd
ms
n Si
Joh
y
Pkw
20 W
US Highway 331 S
Cou
nty
Hi g
hw
ay
283
S
High
wa y
30
98
B20
ay D
r
B ay B
rg
rg
wy
State H
Chocta
whatc
hee M
id
d
n Blv
Egli
397
Beach D
r
Beal Pkwy NE
Beal Pkwy SE
NW
EE
Eg
gllin
in Bl
Blvvd
d
Eglin Pkwy
NE
s
wi
189
Le Stat
eH
wy
18
8
8
lvd
rB
e
rn
Tu
lege Blvd E
Collle
Co
wy W
s Pk
m
i
nS
Joh
d Ave
Redwoo
r
re D
sho
Bay
y
123
6
Paradise Isle Shopping Center
Features & Benefits
x
The Emerald Coast and Destin serve as a major vacation destination and attract tourist
throughout the United States as well as internationally; approximately 4.5 million tourists
per year add to the already strong retail demand generated by the existing strong
seasonal and year round consumer base.
x
Located across the street from Destin Commons (an outdoor mall); these centers work to
create the primary retail shopping hub in the MSA.
x
U.S Highway 98 is the major east/west thoroughfare in Destin. Crystal Beach Drive turns
into Mid Bay Bridge Rd providing the only major link to the mainland and I-10. These
arterials carry over 67,000 cars per day with nearly all traffic entering the island passing
in front of this center.
x
The shopping center was built in 2004 and contains 171,837 square feet of GLA with a
parking ratio of 4.57 spaces/1,000sf.
x
Strong national tenants, Best Buy, Office Depot, Michaels and PetSmart, with excellent
retail performance.
x
Approximately $152.6 million in total spending is generated each year by visitors to
Destin.
x
This center serves a regional trade area, encompassing the entire Emerald Coast region
of Florida. This trade area’s year round population of over 80,000 is supplemented by a
large seasonal population and the aforementioned tourist base to generate over $3 billion
in retail sales annually.
x
Over ½ of the tourists visiting the region stay in rented homes, condo, apartments, and
other non-hotel facilities. These visitors tend to spend more at local establishments than
do hotel customers.
x
Nearly 30% of all visitors listed “Shopping” as one of their top activities while visiting the
Emerald Coast.
x
The Median Household income of all visitors is over $70,000 and the average per capita
spending is $105 per day.
x
The Emerald Coast region is the number two ranked travel destination in Florida (behind
Orlando) for all visitors travelling by car.
x
The states with the largest numbers of visitors to the region include: GA, NY, NJ, NC,
OH, CA, IL, AL, SC, & TN. These additional customers are typically accustomed to more
sophisticated shopping experiences.
x
Tourism adds an estimated 30% to the base retail sales generated by the local and
seasonal customer base.
Destin, FL
Big Box Co
ompetition Map
85
Valpar
Valparraiso
Valpar
aiso
aiso
aiso Blvd
Blvd
Blvd
Valpa
Valpa
raiso
aiso
aiso
aiso
Blvd
Blvd
BBB
555555B
222888888
HHH222
SSSSSSHHH
20
lv
lvddd
B
B
Blv
B
B
te
te
te
tte
tte
t rrrrrr B
aa
aa
ate
w
wa
w
w
lu
lu
B
B
Blu
llu
llu
l eeew
B
B
B
WhitePt
White
Pt
Pt
White
White
White
Pt
Pt
397
2
20
Ace Hardware
H
CVS
St
St
Mai
Mai
Mai
St
St
n St
nn
Mainn
Mai
Mai
eeee
Avvv
nnnAAA
Old Time
e Pottery
oooouuun
o
h
h
l
h
l
l
lll
Goodwill
CC
CCaaaaa
C
SHOPP
PES AT PARADISE KEY
Publix
Ross
Stein Mart
Old Navy
Bed Bath & Beyond
Shoe Show
Pier 1 Imports
Target
Winn Dixie
Kirklands
Walgreens
Fresh Market
Walm
mart Home Depot
Marshalls
Bealls
Walgreens
Office Max
M
A
A
A
irp
irp
A
A
Airp
or
or
irp
irp
irpor
R
R
or
or
orttttttR
R
R
Rd
dd
dd
d
98
Gul
Gu
ulf
lf of
of Mexico
Mexico
M
M
Miid
M
M
M
id
id B
B
Ba
B
aaa
ayyyyyyB
B
B
Bri
B
B
dg
ddd
ge
riri
riri
rid
ggg
eR
eee
Rd
R
R
R
ddd
Choctawhatchee Bay
Bay
y
Choctawhatchee
DESTIN CO
OMMONS
Belk
Bass Pro Shop
S
Rave Motio
on Pictures
Books A Million
"
"
Barnes & Noble
30
SILVER SANDS FACTORY STOR
RES
Saks Off 5th
Nike Factory Store
Tom Thumb
GapKids
Golds GymTuskerss Home Store
Smiths Antiques
A Hardware Coach Factory Store
Ace
SHOPPES AT PARADISE ISLE
Office Depot
Michaels
Petsmart
Best Buy
Thomasville
Ulta
CVS
S
S
Scccccce
eee
en
nnn
nic
ic
ic G
ic
G
Gu
ic
G
G
uu
uu
ulflflflflf D
D
Drrrrr
D
D
0
"
"
Winn Dixie CVS
Publix
30
1
miles
Tom Thumb
Tom Thumb
T
Th b
Mattress Kin
ngdom
98
2
FL_Destin_CompMa
FL_Destin_CompMa
FL_Destin_CompMa
ap.wor
ap.wor
ap.wor
FL_Destin_CompMa
FL_Destin_CompMa
FL_Destin_CompMa
ap.wor
ap.wor
ap.wor
7/
7/
7/
/30/10
/30/10
/30/10