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21584930
21584931

1027 US-98, Destin, FL 32541

EW
FL CQ1057427
Acropolis Commercial Advisors LLC
Listed by Acropolis Commercial Advisors LLC
Unpriced
76 days on market
Updated 76 days ago

Former Pizza Hut w/ Drive-Thru | Purchase or Lease

Details
Property Type Land, Retail (+1)
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 3,400
Tenancy Vacant
Brand/Tenant Taco Bell, Burger King (+3)
Year Built 1988
Year Renovated 2004
Stories 1
Acreage 0.690
Zoning C-3 Neighborhood Commercial
Parking Spaces 46 spaces
Parking Per SqFt 13.53
Investment Type Redevelopment
Ownership Fee Simple

56,000+ VPD | High Barriers to Entry

Marketing description

Prime "Main-on-Main" Location with Unmatched Visibility

  • The Property boasts a highly desirable "Main-on-Main" location with exposure to over 56,000 vehicles per day (VPD) on Highway 98, ensuring consistent visibility and high traffic flow.

  • Surrounded by numerous national retailers and directly across from the beach, the Property is strategically positioned to attract both locals and tourists.

Superior Access and Flexibility

  • The Property offers two points of ingress and egress, making it uniquely convenient for both eastbound and westbound traffic:

    • Eastbound traffic benefits from a turn-in lane located just past the Property, ensuring safe and easy access.

    • Westbound traffic enjoys access via two curb cuts directly on Highway 98, a rare feature, as all neighboring parcels only have one.

  • The Property is a self-contained parcel with no cross-access easements or use restrictions, providing maximum flexibility for future development or tenant use.

Adjacent to Newly Constructed Starbucks and Chick-fil-A

  • The Property benefits from being adjacent to a newly constructed Chick-fil-A location to the west, with the previous Chick-fil-A location also adjacent to the Property to the east.

  • Starbucks has recently completed a new build two parcels west of the Property. Importantly, this Starbucks lacks direct access from Highway 98 and does not provide immediate eastbound access for customers.

Thriving Retail Corridor with Proven Success

  • The Property is part of a strong retail corridor, surrounded by shopping centers anchored by nationally recognized brands:

    • Home Depot, Winn-Dixie, Target, Fresh Market, Whole Foods, Publix, and more.

    • A nearby Walmart receives an estimated 3.5 million annual visitors, placing it in the 97th percentile nationwide for traffic—a testament to the area’s retail draw.

  • This proven success makes the Property a prime opportunity for tenants seeking high visibility and strong customer traffic.

Easily Adaptable 3,400-Square-Foot Building with Drive-Thru

  • The existing 3,400-square-foot building is highly adaptable and features a drive-thru.

  • Constructed in 1988 and renovated in 2004, the building also had its roof replaced in 2019.

  • Previously occupied by a Pizza Hut ranked in the 96th percentile nationwide. Pizza Hut is relocating directly across the street to an in-line space to better align with their new store format size.

Exceptional Resident and Tourist Synergies

  • The Property is perfectly positioned to capitalize on both local residents and tourist traffic:

    • Adjacent to Big Kahuna’s Water & Adventure Park and just half a mile from Thrill Zone, two major attractions drawing families and vacationers.

    • Surrounded by dozens of hotels, resorts, and vacation rentals, ensuring a steady influx of visitors looking for dining, shopping, and entertainment options.

Listing Contacts

EW
FL CQ1057427
Acropolis Commercial Advisors LLC
Listed by Acropolis Commercial Advisors LLC

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