Cushman & Wakefield has arranged the $7 million sale of a shopping center located at 6235 N. Davis Highway where Hobby Lobby and Books-A-Million are tenants. The building was built in 1987 by a subsidiary of Wal-Mart.
- It has 103,485 square feet across two tenant spaces: Hobby Lobby 70,100 sq. ft. and Books-A-Million 33,385 sq. ft. .
Cushman & Wakefield represented the seller, Triple A Properties, in the transaction. The buyer, Destiny Worship Center, plans to convert the center into a church. Books-A-Million will either shutter its store altogether or reduce its footprint at the center, according to the press announcement.
History: The Escambia County Property Appraiser’s office has the site appraised at $6,965,988 – land $1,572,500, improvements $5,393,498.
- Wal-Mart Stores sold the property to Triple A Properties for $3.75 million in February 2002.
Destiny Worship Center – a non-denominational church that started in Destin.
According to its website, “Building families remains one of the top priorities at Destiny Worship Center. We believe a strong church is measured by the strength of the families that form it. At Destiny Worship Center, we offer a number of ministries geared towards strengthening families and the relationships between families.”
- Destiny Worship Center has churches in Destin, Freeport, Crestview, Panama City Beach, Fort Walton Beach, Kenya and Nicaragua.
“Transforming communities is another focus of our spiritual family. We transform our communities by exercising goodness, generosity, and love to those outside of the church through local and global missions. We also embody this value by planting churches. Whether we plant a campus in our local region or abroad in countries like Kenya and Brazil, our desire is to see communities transformed.”