Property profile

960 Harbor Blvd Destin, FL 32541

OFF-MARKET
Retail properties & Spaces
40,000 SF
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Property summary

AI-generated overview

This exceptional 5,100-square-foot retail space, situated in the vibrant Sunsations Plaza on Highway 98 in Destin, Florida, presents a turnkey opportunity for a restaurant operator. Previously occupied by a successful Mellow Mushroom, this end-cap location benefits from high visibility and substantial foot traffic. The space features a spacious open dining area, a built-in bar, a walk-in cooler and freezer, a large hood system, ample storage, and a dedicated office. Its strategic location within Sunsations Plaza, alongside established businesses like Sunsations Beach Store, Pancakery, and a Candy Store, ensures a synergistic environment. Destin's robust tourism industry, attracting over 3.75 million visitors annually, and the plaza's impressive daily traffic count of 53,500 vehicles, create a highly desirable market for this property. The lease terms include a base rent of $29 per square foot, plus $6.50 per square foot in NNN fees, and a 5.5% sales tax. This fully equipped space is ready for immediate occupancy and poised to capitalize on Destin's thriving commercial landscape. The total space available is 5100 square feet within a larger building of 40,000 square feet. This is an exceptional opportunity to establish or relocate your restaurant business in a prime Destin location.

Property profile

Verified
Property type Retail properties & Spaces
Total area 40,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • HVAC Service General Contractor

Location

960 Harbor Blvd Destin, FL 32541
Destin metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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