Local Investor Acquires The Shoppes Of Destiny Retail Center In Destin For $5.1M
36236 Emerald Coast Parkway
$5,100,000
$400/SF
Building Size
12,734 SF
Asset Type
Retail
Closing
Jan 29, 2026
About this deal
AI
The Shoppes of Destiny, located at 36236 Emerald Coast Parkway in Destin, is a retail center that spans 12,734 square feet. The property has been sold for $5,100,000, translating to a price per square foot of $401. It is fully leased to five tenants, ensuring a steady stream of revenue for the owner.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,100,000
- Square Footage: 12,734
- Price Per Square Foot: $401
- Address: 36236 Emerald Coast Parkway
- Market: Destin
John Dowd and Theresa Johnson from The Dowd Companies represented the seller in this transaction. A local investor from Destin has acquired the property, with the Dowd Companies facilitating the sale process.
On the Map
$5,100,000
$400/SF
Retail
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Players
Destin Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93