Destin, Florida
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DESTIN, FLORIDA PROPERTY OVERVIEW SILVER SANDS PREMIUM OUTLETS® A HOWARD GROUP AND SIMON CENTER DESTIN, FL Dothan MAJOR METROPOLITAN AREAS SELECT TENANTS AL Pensacola: 55 miles Saks Fifth Avenue OFF 5TH, Ann Taylor Factory Store, Banana Republic FL Mobile, AL: 115 miles Factory Store, Brooks Brothers Factory Store, Calvin Klein Company Store, 10 10 Tallahassee: 135 miles Coach, Cole Haan Outlet, Disney Store Outlet, Dooney & Bourke, J.Crew 10 10 Montgomery, AL: 170 miles Factory, kate spade new york, LACOSTE Outlet, Michael Kors Outlet, Nike Pensacola Factory Store, The North Face, Polo Ralph Lauren Factory Store, Tumi, 98 Destin RETAIL Under Armour, Vera Bradley 98 Panama City Beach GLA (sq. ft.) 451,000; 110 stores LOCATION / DIRECTIONS OPENING DATES Located on U.S. Hwy. 98. Accessible from the north across the Mid-Bay Bridge from SR 20 and from US Hwy. 331 from I-10, exit Highway 85S at Opened August 1992 Defuniak Springs. SILVER SANDS RADIUS POPULATION PREMIUM OUTLETS DESTIN, FL 15 miles: 95,517 30 miles: 241,639 45 miles: 475,309 AVERAGE HH INCOME 30 miles: $72,123 Information as of 5/1/17. Source: SPG Research; trade area demographic information per STI: PopStats (2016). TOURISM / TRAFFIC The center is positioned in the heart of Northwest Florida’s renowned Emerald Coast in South Walton County. Domestic tourists and affluent second homeowners drive local commerce, traveling from key markets throughout the country to visit the 50 miles of turquoise waters and famous sugar-white sand beaches. The area benefits from three distinct markets: permanent residents, secondary homeowners and visitors. — The area attracts approximately 17 million visitors a year. — The total annual economic impact of tourism in Walton County alone was $3.2 billion in 2016. — The average household income of visitors to the Northwest Florida region is approximately $126k. — The region also includes the nation’s largest Air Force Base along with six other military installations within a 1-hour drive of the center with a yearly economic impact of over $7.5 billion. Increased drive-to market visitors, the primary tourism transportation method, have surged resulting in major state funded HWY infrastructure widening projects throughout the area. Approximately 75% of Silver Sands Premium Outlets’ customer base is from domestic tourism, primarily from the southern states to the mid Atlantic. There is also an increased trend of vacationers from Ohio, Pennsylvania, and Indiana. This customer tends to be an affluent family with children. The immediate area surrounding the center, including Miramar Beach and 30A, attracts affluent families with significant discretionary income. The remaining 25% of shoppers are locals and second homeowners including snowbirds. Second homeowners tend to be 50+ years old and affluent. Local shoppers look for everyday clothing and moderately priced merchandise and consider the center their primary shopping destination. MASTER PLAN COLUMBIA SPORTSWEAR TOMMY HILFIGER NIKE FACTORY STORE GAP UNDER COACH OUTLET ARMOUR POLO RALPH LAUREN FACTORY STORE SAKS BANANA REPUBLIC FIFTH AVENUE FACTORY STORE OFF 5TH HANESBRANDS US 98 / EMERALD COAST PKWY. LOFT OUTLET NORTH AERIAL OVERVIEW SILVER SANDS PREMIUM OUTLETS US 98 / EMERALD COAST PKWY. POINCIANA BLVD. N SURROUNDING AREA CENTERS Malvern Brewton Rehobeth Samson Hartford Slocomb Simon Centers East Brewton Competition Riverview Geneva Florala Eunola Madrid Flomaton Pollard Lockhart 1 Silver Sands Premium Outlets® Black Century Dixonville Paxton Noma Graceville Laurel Hill 2 30Avenue Jay Campbellto 3 Cordova Mall Fidelis Brownsdale 4 Destin Commons Cobbtown Jacob City 5 Grand Boulevard at Sandestin Pine Level Munson 6 Panama City Mall Cotton 7 Pier Park Chumuckla Allentown Caryville Bonifay Chipley 8 Santa Rosa Mall Springhill Crestview Westville Ponce de Leon Molino De Funiak Springs Point Baker Alford Wallace Roeville Harold Pace Milton Wausau East Milton Vernon Pea Ridge Gonzalez Floridatown Bagdad Mulat Avalon Ensley Niceville Ferry Pass Freeport Valparaiso Dickerson City iew Brent 3 Garcon Point Holley Eglin AFB Grove Goulding Shalimar Ebro Navarre Cinco Bayou ensacola 86 Tiger Point Midway Mary Esther Destin Warrington 42 Miramar Beach Oriole Beach Navarre Beach 1 5 Gulf Breeze 2 Laguna Beach Panama City Beach Lynn Haven 5 15 MILES 7 Pretty Bayou Cedar Grove Upper Grand Lagoon 46 Lower Grand Lagoon Callaway Parker Tyndall AFB 30 MILES Mexico Bea 45 MILES OTHER RETAIL SHOPPING CENTERS GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME Grand Boulevard at Sandestin Publix Food & Pharmacy, Chico’s, 830,000 sf 3 miles / 4 minutes Miramar Beach, FL Tommy Bahama Destin Commons Belk, Bass Pro Shops Outdoor World, 500,000 sf 5 miles / 7 minutes Destin, FL H&M, Whole Foods Market Santa Rosa Mall 740,000 sf Dillard’s, Sears, JCPenney 20 miles / 32 minutes Mary Esther, FL 30Avenue 129,662 sf otium, Willow+Mercer, Shimmering Seas 23 miles / 29 minutes Inlet Beach, FL Pier Park 896,000 sf Dillard’s, JCPenney, Marshalls, Target 33 miles / 42 minutes Panama City Beach, FL Panama City Mall 694,000 sf Dillard’s, JCPenney, Sears 47 miles / 59 minutes Panama City, FL Cordova Mall Belk, Dillard’s, Best Buy, Bed Bath 929,000 sf 61 miles / 1 hour 33 minutes Pensacola, FL & Beyond, Dick’s Sporting Goods OUTLET SHOPPING GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME Tanger Outlets VF Outlet, Polo Ralph Lauren 557,000 sf 87 miles / 2 hrs 10 minutes Foley, AL Factory Store 60 Columbia Road Building B 3rd Floor Morristown, NJ 07960 (973) 228-6111 premiumoutlets.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)..