DESTIN, FLORIDA
PROPERTY OVERVIEW SILVER SANDS PREMIUM OUTLETS A HOWARD GROUP AND SIMON CENTER DESTIN, FL MAJOR METROPOLITAN AREAS SELECT TENANTS AL Dothan Pensacola: Mobile, AL: Tallahassee: Montgomery, AL: RETAIL 55 miles 115 miles 135 miles 170 miles Saks Fifth Avenue OFF 5TH, Ann Taylor Factory Store, Banana Republic Factory Store, Brooks Brothers Factory Store, Calvin Klein Company Store, Coach, Cole Haan Outlet, Disney Store Outlet, Dooney & Bourke, J.Crew Factory, kate spade new york, LACOSTE Outlet, Michael Kors Outlet, Nike Factory Store, The North Face, Polo Ralph Lauren Factory Store, Tumi, Under Armour, Vera Bradley 10 Pensacola 98 FL 10 Destin 98 10 10 GLA (sq. ft.) 451,000; 110 stores LOCATION / DIRECTIONS Panama City Beach OPENING DATES Opened August 1992 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 Defuniak Springs. RADIUS POPULATION 15 miles: 95,517 30 miles: 241,639 45 miles: 475,309 SILVER SANDS PREMIUM OUTLETS DESTIN, FL 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 OUTLET UNDER ARMOUR COACH POLO RALPH LAUREN FACTORY STORE BANANA REPUBLIC FACTORY STORE SAKS FIFTH AVENUE OFF 5TH HANESBRANDS US 98 / EMERALD COAST PKWY. LOFT OUTLET NORTH
AERIAL OVERVIEW SILVER SANDS PREMIUM OUTLETS POINCIANA BLVD. US 98 / EMERALD COAST PKWY. N
SURROUNDING AREA CENTERS Simon Centers Competition 1 Silver Sands Premium Outlets 2 30Avenue 3 Cordova Mall 4 Destin Commons 5 Grand Boulevard at Sandestin 6 Panama City Mall 7 Pier Park 8 Santa Rosa Mall Brewton East Brewton Riverview Flomaton Pollard Century Dixonville Jay Fidelis Brownsdale Cobbtown Pine Level Munson Chumuckla Allentown Springhill Molino Point Baker Wallace Roeville Harold Crestview Laurel Hill Florala Lockhart Paxton Malvern Samson Hartford Slocomb Rehobeth Geneva Eunola Madrid Black Noma Graceville Campbellto Jacob City Cotton Caryville Bonifay Chipley Westville Ponce de Leon De Funiak Springs Alford Pace Milton Pea Ridge East Milton Gonzalez Floridatown Bagdad Mulat Ensley Avalon Ferry Pass iew Dickerson City Brent 3 Garcon Point Holley Grove Goulding Navarre ensacola Tiger Point Midway Warrington Oriole Beach Navarre Beach Gulf Breeze Eglin AFB Shalimar Cinco Bayou 86 Mary Esther Niceville Valparaiso 4 Destin 2 Miramar Beach 1 5 Freeport Ebro Vernon Wausau 15 MILES 2 Laguna Beach Panama City Beach 75 Upper Grand Lagoon Lynn Haven Pretty Bayou Cedar Grove 4 6 Lower Grand Lagoon Callaway Parker 30 MILES Tyndall AFB Mexico Bea 45 MILES
OTHER RETAIL SHOPPING CENTERS GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME Grand Boulevard at Sandestin Miramar Beach, FL 830,000 sf Publix Food & Pharmacy, Chico s, Tommy Bahama 3 miles / 4 minutes Destin Commons Destin, FL 500,000 sf Belk, Bass Pro Shops Outdoor World, H&M, Whole Foods Market 5 miles / 7 minutes Santa Rosa Mall Mary Esther, FL 740,000 sf Dillard s, Sears, JCPenney 20 miles / 32 minutes 30Avenue Inlet Beach, FL 129,662 sf otium, Willow+Mercer, Shimmering Seas 23 miles / 29 minutes Pier Park Panama City Beach, FL 896,000 sf Dillard s, JCPenney, Marshalls, Target 33 miles / 42 minutes Panama City Mall Panama City, FL 694,000 sf Dillard s, JCPenney, Sears 47 miles / 59 minutes Cordova Mall Pensacola, FL 929,000 sf Belk, Dillard s, Best Buy, Bed Bath & Beyond, Dick s Sporting Goods 61 miles / 1 hour 33 minutes OUTLET SHOPPING GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME Tanger Outlets Foley, AL 557,000 sf VF Outlet, Polo Ralph Lauren Factory Store 87 miles / 2 hrs 10 minutes
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