36236 Emerald Coast Pkwy Destin, FL 32541-4707

This exceptional investment opportunity presents The Shoppes of Destiny, a 12,734 square foot, single-story shopping center located at 36236 Emerald Coast Pkwy, Destin, FL 32541. Built in 2008, this mixed-use retail property boasts a 100% occupancy rate with seven units and five tenants, generating a substantial Net Operating Income (NOI) of $407,488. The property is offered at $6,000,000, representing a compelling cap rate of 6.79% and a price per square foot of $471.18. Leases are structured as Triple Net (NNN), minimizing management responsibilities for the owner. The property benefits from 3% yearly rent increases, ensuring consistent revenue growth. Situated in Okaloosa County, this prime location in the heart of Destin guarantees high visibility and consistent foot traffic. The permitted zoning is Mixed Use Retail, allowing for flexibility and potential future expansion. This stabilized investment offers a secure and lucrative return for discerning investors seeking a premier commercial asset in a thriving Florida market. The property is fully stabilized and enjoys a strong tenant base. This is a truly exceptional opportunity to acquire a high-performing retail center in one of Florida's most desirable locations.