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Local Investor Acquires The Shoppes Of Destiny Retail Center In Destin For $5.1M

Property Image
SOLD
$5,100,000

Florida

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Retail12,734 SF
Sold 01/29/2026
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Property Image
SOLD

Local Investor Acquires The Shoppes Of Destiny Retail Center In Destin For $5.1M

36236 Emerald Coast Parkway

See Similar Deals
Retail12,734 SF
Sold 01/29/2026
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$400
Total Square Footage:12,734 SF
Transaction Type:Sale

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.

Players

John Dowd
3 deals$14.8M volume(561) 373-5000
BROKER

Theresa Johnson
The Dowd Companies
3 deals$14.8M volume(561) 373-5000
BROKER

Details

SOLD
IMAGE: Theresa Johnson & John Dowd DATE: 01/29/2026 ADDRESS: 36236 Emerald Coast Parkway MARKET: Destin ASSET TYPE: Retail BROKERS: John Dowd (@JohnwDowd) & Theresa Johnson - The Dowd Companies SALE PRICE: $5,100,000 SF: 12,734 ~ PPSF: $401 NOTE: The Dowd Cos. facilitated the $5.1 million sale of The Shoppes of Destiny, a 12,734-square-foot retail center in Destin, fully leased to five tenants. John Dowd and Theresa Johnson represented the seller, with a local Destin investor acquiring the property.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$271,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$18,119.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,176.60
Annual Debt Service$290,119.22