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Panama City Beach, Florida a Beachside Paradise

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Panama City Beach, Florida a Beachside Paradise BUSINESS CARD DIE AREA 225 West Washington Street Indianapolis, IN 46204 (317) 636-1600 simon.com Information as of 5/1/16 Simon is a global leader in retail real estate ownership, management and development and an S&P 100 company (Simon Property Group, NYSE:SPG). PANAMA CITY BEACH, FLORIDA A BEACHSIDE PARADISE Pier Park is ideally situated to attract tourists, who are the top economic driver in Panama City Beach. — Pier Park, which is adjacent to a public pier on the Gulf of Mexico, captures 92% of the visitors that vacation on Panama City Beach. — Across from the mall is an amphitheatre with capacity for 7,500 people and a major amateur and youth sports complex that local and visiting organizations use all year round. — Since Pier Park opened in 2008, Panama City Beach has undergone a tremendous transformation. Tourist activity has been rising steadily and has led to a stronger local economy. The population within a ten-mile radius of Pier Park grew by 48% over the past decade. A PREMIER DESTINATION Pier Park is the unofficial downtown of Panama City Beach and the area’s leading destination for shopping, dining, and entertainment. — The focus of Pier Park’s Town Center is fashion and traditional retailers with popular anchors. — Pier Park’s boardwalk area continues to see new attractions and entertainment options, including the largest movie theater and the only IMAX in Bay County. — The prime gulf-view property encompasses more than 100 acres. BY THE NUMBERS Anchored by Three Department Stores Dillard’s, JCPenney, Target Square Footage Pier Park spans 896,000 square feet. Single Level Boasting more than 120 retailers. Restaurants 16 quick-service eateries. 15 sit-down restaurants. IN GOOD COMPANY Trendy. Chic. Fun. Many fine brands have chosen Pier Park as their preferred location in Panama City Beach. — Chico’s — Columbia Sportswear — Forever 21 — Francesca’s — The Grand Theatre/IMAX — LOFT — Old Navy ENGAGING DINING AND ENTERTAINMENT Pier Park attracts tourists with a delicious selection of dining and entertainment options. — With 15 sit-down restaurants to choose from, Pier Park offers something for every appetite, including seafood, traditional American, Italian, a Japanese steakhouse, and more. Just a few of the favorites include Jimmy Buffett’s Margaritaville, Hofbrau Beer Garden, and The Back Porch Seafood & Oyster House. — Quick counter-service eateries include Dickey’s Barbecue Pit, Panera Bread, Chipotle Mexican Grill, Five Guys Burgers and Fries, and more. — The outstanding selection of entertainment options include Pier Park Rides (an eight-ride outdoor amusement park), The 7D Experience, Dave & Buster’s, Lazer Maze/Lazer Craze, Tootsie’s Orchid Lounge, and The Grand Theatre/IMAX, the largest movie theater and the only IMAX in Bay County. — Pier Park hosts several large-scale events each year that attract locals and tourists alike including Mardi Gras, Pirates of the High Seas Fest and the New Year’s Eve Beach Ball Drop which draw crowds in excess of 40,000 people. POSITIONED TO SUCCEED The Pier Park property is irreplaceable real estate located on the Florida Panhandle in 2016 185,180 Panama City Beach. 2021 196,055 — Pier Park is conveniently located between Front Beach Road and US 98, two major roads running through Panama City Beach. 2016 74,685 — The center is also easily accessible from Northwest 2021 79,272 Florida Beaches International Airport. 2016 $62,363 2021 $68,478 2016 83,454 2016 $189,403 Information as of 5/1/17. Source: SPG Research; trade area demographic information per STI: PopStats (2016). DESTINATION SHOPPING As Panama City Beach’s hub for shopping, dining and entertainment, Pier Park has become the top destination on the Florida Panhandle. — Panama City Beach attracts 11 million tourists annually who spend $1 billion. — Peak months for tourism are March, June, July, and August. — Most tourists travel by car from southeastern states, such as Alabama, Tennessee, Georgia, Texas, Kentucky, and Indiana. — In 2016, AAA named Panama City Beach one of its Top Spring Travel Destinations. Cottondale Bonifay Caryville Chipley Crestview 10 10 Ponce de Leon De Funiak TRADESprings AREA BOUNDARY Alford lton Wausau Vernon Bagdad Niceville Freeport Valparaiso Eglin AFB Wright Ebro Lake Lorraine 6Cinco Bayou Destin 2 Miramar Beach7 3 98 Northwest Florida Beaches International Airport 15 Laguna Beach Lynn Haven 1 Panama City Beach5 Pretty Bayou Hiland Park Cedar Grove Upper Grand Lagoon 4 Gulf of Mexico Spring eld Lower Grand Lagoon Callaway Parker Tyndall AFB N 0 10 MILES Mexico Beach MILES 1 Pier Park 5 Pier Park North TRADE AREA & COMPETITION 2 Destin Commons 6 Santa Rosa Mall Simon Centers 3 Grand Boulevard Town Center 7 Silver Sands Premium Outlets Competition 4 Panama City Mall GULF OF MEXICO US 98 / SR 30A WALMART FRONT BEACH RD. SUPERCENTER STORE REGIONS BANK OSAKA JAPANESE STEAK HOUSE TARGET POWELL ADAMS DR. FOREVER 21 H OLD NAVY IL TO N OLIVE MARSHALLS JCPENNEY D GARDEN R . LONGHORN STEAKHOUSE DILLARD'S DAVE & BUSTERS RUBY PIER PARK TUESDAY RON JON PIER PARK DR. SURF SHOP THE GRAND THEATRE DICK'S LAST RESORT POMPANO JOE’S WEST PARK DR. THE BACK PORCH JIMMY BUFFETT'S AARON BESSANT PARK SEAFOOD & OYSTER HOUSE MARGARITAVILLE & AMPHITHEATER N AERIAL OVERVIEW SOUTHEAST AERIAL VIEW KEY POWELL ADAMS RD. DEPARTMENT STORES ANCHOR STORES RESTAURANTS REGIONS BANK RETAIL THEATER OUTLOTS TARGET OSAKA JAPANESE STEAK HOUSE OLD NAVY FOREVER 21 STINGRAY DR. JCPENNEY US 98 / BACK BEACH RD. BEACH BACK / 98 US MARSHALLS DAVE & BUSTER’S HILTON DR. HILTON OLIVE GARDEN GULF OF MEXICO LONGHORN DILLARD’S RD. BEACH FRONT / 98 US OLD STEAKHOUSE RON JON SURF SHOP THE GRAND 16 THEATRE AT PIER PARK RUBY TUESDAY POMPANO JOE’S W. PARK DR. PIER PARK DR. THE BACK PORCH SEAFOOD & OYSTER HOUSE JIMMY BUFFETT’S AARON BESSANT MARGARITAVILLE CITY PARK AND AMPHITHEATER N SITE PLAN SITE PLAN UNIQUE OPPORTUNITY Pier Park presents a unique opportunity for your brand. Please contact the following leasing professional for more information. Miles Sutcliffe (317) 656-3292 [email protected] 225 West Washington Street Indianapolis, IN 46204 (317) 636-1600 simon.com Simon is a global leader in retail real estate ownership, management and development and an S&P 100 company (Simon Property Group, NYSE:SPG)..
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