Retail/Office Complex in Destin,
For Lease
Contact for pricing
862 US-98, Destin, FL 32541
70,000 SF retail/office complex with high visibility and traffic.
Space Size1,110 SF
Property Size70,000 SF
Days on Market2021
Property Features for 862 US-98
General Information
Standard status
Active
Size
1,110 SF
Property subtype
Retail
Lease Type
NNN
Building Details
Building Size
70,000 SF
Year Built
1985
Tenancy
Multiple
Spaces For Lease
at 862 US-98 Contact us- Size
- 1,110 SF
- Type
- Retail
- Lease Type
- NNN
- Availability
- Active
C-100
Listing Agency:
Stirling Properties, LLC
(850) 240-1252
Listed By:
Shawn Maxey · License #3336104
Source:
Crexi
Added: Feb 9, 2021
Changed: Aug 8
Last Checked: Aug 22 at 5:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Stirling Properties, LLC
Investment Insights
Based on property information with market context.
Shoreline Village is a 70,000 square foot neighborhood retail and office complex located in Destin, Florida. The property is situated adjacent to shopping centers with Target and Winn Dixie. The location benefits from high visibility and substantial traffic flow, with over 51,000 cars per day along US Highway 98. The average household income in the area is $82,427. National retailers in the vicinity include Target, Walgreens, CVS, Winn Dixie, Jimmy Johns, The UPS Store, McDonald's, and Krispy Kreme. Current co-tenants include West Marine, Jersey Mikes, Trulieve, Capriccio Cafe, and Bric å Brac Restaurant.
Key Highlights
- High traffic location: 51,000+ cars per day on US Highway 98.
- Prime location adjacent to Target and Winn Dixie shopping centers.
- High visibility within a prestigious 70,000 SF Retail/Office Complex.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.00 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
763
Businesses Nearby
Explore this area
Business Placement
Demographics for 32541, FL
18,419
Population
16,390
Households
1.1
Avg Household Size
45
Median Age
48%
College-Educated
95%
High-School Grad
12.6 sq mi
ZIP Area
1,462
Density / Sq Mi
$93,004
Median Household Income
$47,991
Median Earnings
$1,976
Median Rent
$498,600
Median Home Value
Market
Lease Benchmarks for Destin, FL
$24.37 /SF/Yr
Avg Asking Price
$11.49–$32 /SF/Yr
Price Range
31,974 SF
Avg Space Size
This space is priced 18% below the average of $24.37 /SF/Yr.
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Retail space - 70,000 SF retail/office complex with high visibility and traffic.
Where is this retail space located?
The property is located at 862 US-98 Destin, FL.
What is the lease rate?
The lease rate is $20 SF/Yr.
What are key features of this property?
This property features: High traffic location: 51,000+ cars per day on US Highway 98.; Prime location adjacent to Target and Winn Dixie shopping centers.; High visibility within a prestigious 70,000 SF Retail/Office Complex.
