DESTIN, FLORIDA

PROPERTY OVERVIEW

SILVER SANDS PREMIUM OUTLETS®

A HOWARD GROUP AND SIMON CENTER

DESTIN, FL

MAJOR METROPOLITAN AREAS

Pensacola: 55 miles Mobile, AL: 115 miles Tallahassee: 135 miles Montgomery, AL: 170 miles

RETAIL

GLA (sq. ft.) 451,000; 110 stores

OPENING DATES

Opened August 1992

RADIUS POPULATION

15 miles: 95,517 30 miles: 241,639 45 miles: 475,309

AVERAGE HH INCOME

30 miles: $72,123

SELECT TENANTS

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

LOCATION / DIRECTIONS

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.

Dothan

AL

FL

Pensacola

Destin

Panama City Beach

1010

1010

98

98

SILVER SANDS PREMIUM OUTLETSDESTIN, FL

Information as of 5/1/17. Source: SPG Research; trade area demographic information per STI: PopStats (2016).

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.

TOURISM / TRAFFIC

MASTER PLAN

US 98 / EMERALD COAST PKWY.

NO

RTH

POLO RALPH

LAURENFACTORY

STORE

TOMMY HILFIGER

SAKSFIFTH AVENUE

OFF 5TH

LOFT OUTLET

COACHGAPOUTLET

NIKE FACTORY

STORE

COLUMBIA SPORTSWEAR

UNDERARMOUR

BANANA REPUBLIC FACTORY STORE

HANESBRANDS

AERIAL OVERVIEW

POINCIANA BLVD. US 98 / EMERALD COAST PKWY.

SILVER SANDS PREMIUM OUTLETS

N

SURROUNDING AREA CENTERS

Simon Centers Competition

PollardLockhart

RiverviewEunola Madrid

Black

East BrewtonSamson

Flomaton

HartfordRehobeth

Slocomb

Florala

BrewtonMalvern

Geneva

Cinco BayouShalimar

Floridatown

Alford

Noma

Wausau

Goulding

Dickerson City

Mary Esther

Jay

Mulat

Mexico Bea

Pretty Bayou

Garcon Point

Parker

Laguna Beach

Lower Grand Lagoon

Cobbtown

Campbellto

Cedar Grove

Pea Ridge

FidelisLaurel Hill

Caryville

Jacob City

Century

Oriole Beach

Eglin AFB

Cotton

Tiger Point

Paxton

Chipley

Avalon

Bonifay

Graceville

Holley

Roeville

Vernon

Dixonville

Navarre Beach

Ebro

Ponce de LeonPoint Baker

Milton

Bagdad

Pine Level

Grove

Molino

ensacolaMiramar Beach

Westville

DestinWarrington

Brownsdale

Callaway

Brent

Lynn Haven

iew

Wallace

NicevilleEnsley

Springhill

Valparaiso

De Funiak Springs

Tyndall AFB

Harold

Gonzalez

Upper Grand Lagoon

Crestview

Freeport

Panama City Beach

Chumuckla

Ferry Pass

Gulf Breeze

Pace

Munson

Navarre

East Milton

Allentown

Midway

5

2

4

6

67

84 51

3

15 MILES

30 MILES

45 MILES

2

1 Silver Sands Premium Outlets®2 30Avenue3 Cordova Mall4 Destin Commons5 Grand Boulevard at Sandestin6 Panama City Mall7 Pier Park8 Santa Rosa Mall

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 ParkPanama 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 OutletsFoley, AL 557,000 sf VF Outlet, Polo Ralph Lauren

Factory Store 87 miles / 2 hrs 10 minutes

60 Columbia Road Building B 3rd Floor Morristown, NJ 07960 (973) 228-6111 premiumoutlets.com

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