Destin Airport Plaza | STNL Exec Ofc | NNN 1012 Airport Rd

Broker of Record: Scott DeYoung - License No. 01889050
Faris Lee Investments is pleased to present a rare opportunity to acquire the fee simple interest in Destin Executive Airport Plaza, a well-positioned retail property along Scenic Highway 30A in Destin, FL. The plaza benefits from a long-term net lease extending through 2037, secured by Pacific Wind Group, a prominent company known for managing high-quality assets nationwide, including shopping centers, golf courses, and senior living communities. With 12+ years remaining on the lease and a corporate guaranty in place, this investment offers stability and zero landlord responsibilities, making it ideal for passive investors.
Destin Executive Airport Plaza is fully leased, featuring a carefully curated mix of service-based tenants that cater to the area’s affluent residents and frequent visitors. Current rental income is approximately 40% higher than the guaranteed lease rate, ensuring strong cash flow and financial security. The property is strategically situated adjacent to Destin Executive Airport, a premier private aviation hub with a 5,000 ft runway, luxury amenities, and a dedicated terminal for Jet Suites X, making it a key entry point for travelers visiting the Emerald Coast.
The plaza’s location, just 0.6 miles from the renowned Scenic Highway 30A, positions it at the heart of a major tourism corridor. The highway attracts over 5.3 million annual visitors, with a significant economic impact of $7.2 billion in 2023, creating ample foot traffic and retail demand. Surrounding the plaza are numerous luxury hotels, resorts, and upscale condominiums, all within a 5-mile radius, providing thousands of rooms for tourists and boosting consumer activity.
Beyond the tourism appeal, the trade area is distinguished by strong demographics and sustained growth. The property serves a population of approximately 560,194 within a 5-mile radius, with an average household income of $154,995 in the immediate vicinity. Since 2000, Destin’s population has surged by 25%, solidifying its reputation as one of the fastest-growing cities in the United States. Retail market fundamentals remain robust, with vacancy rates in the Fort Walton Beach-Destin area dropping to 1.7% in late 2024, reflecting high demand for quality retail space.
Destin Executive Airport Plaza offers a secure, income-producing asset in a thriving market characterized by tourism-driven growth and local economic expansion. With its prime location, strong tenant lineup, and favorable market dynamics, this property represents a unique opportunity for investors seeking a high-quality retail investment in one of Florida’s most desirable coastal regions.