Location, Tax and Legal

Sub Area

1501 - Miramar Beach North

Legal Description

COM AT THE SW/C OF THE NW 1/4 OF SEC 28; N 02 DEG 26'29E, ALONG THE W LINE NW4 OF SEC 28 A 269.05 FT TO THE NLY ROW OF ST RD 30 (US HWY 98); THENCE SELY ALONG NLY ROW, 305.49 FT ALONG ARC OF A CURVE, CONCAVE SLY, HAVING A RADIUS OF 2029.85 FT, A CENTRAL ANGLE OF 08 DEG 37'22, AND A CHORD BEARING S 70 DEG 08'20E, 305.20 FT TO THE POB; DEPART NLY ROW, N 24 DEG 10'21E, 40.71 FT; N 02 DEG 14'23E, 260.

Listing Info, Tax & Legal

As Is

No

Remarks & Misc

Remarks

This Listing/Sale entered for Comp purpose only. Village Shoppes (the ''Property''), a 28,834 square foot 9-tenant retail strip center located in Destin (Miramar Beach), Florida, the most visited city on the Emerald Coast. Anchored by The Melting Pot Restaurant, Village Shoppes is almost 100% leased to a diverse, well-established, and service oriented tenant mix. Built in 2007, the Property is situated on a 1.93 acre site. The property was re-developed in 2017 after the center's former furniture store anchor tenant relocated to its brand new build-to-suit location down the road. The premier location and highly sought after space was released with minimal downtime and is primed for growth with new leases from some of the area's top tenants. Excellent rent rolls.

Class

Retail

Yes

Construction Status

Existing

Yes

Property Features