A store co-manager told Martin County sheriff's investigators at 1:30 p.m. Friday she "noticed the front side of the panty bar in the 'pink' room was missing panties," the report states.

The co-manager went to tell a manager, and when they returned they spotted some mesh shorts also missing.

Along with the roughly 500 pairs of panties -- each valued at $7.50 -- store officials said three dozen pairs of mesh shorts and about three dozen tank tops were missing. The total amount of missing merchandise is $5,245.50.

Sheriff's officials were flagged down to this incident while investigating the theft of $4,679 of clothes from the Hollister store, which is directly across from Victoria's Secret.

This isn't the first time hundreds of pairs of skivvies have been stolen from this Victoria's Secret store.

Sales associates found almost 400 pairs of pink designer panties missing from three storage drawers near the back of the store in January 2007, according to a Martin County Sheriff's Office report. The panties were worth more than $3,600.

Another heist in 2004 cost the lingerie store 100 pairs of panties, while 75 pairs of ladies underwear were taken in 2003. The lingerie shop was taken for about $6,000 in perfume, slips and jumpsuits in 2001.