101 Highway 17 S - Medical FOR SALE


North Myrtle Beach, SC 29582
$3,968,000 USD
980-498-3293
101 Highway 17 S, North Myrtle Beach, SC for Sale
$3,968,000 USD
Medical - FOR SALE
1/5
null | 5.2% Cap Rate

101 Highway 17 S
North Myrtle Beach, SC 29582


HIGHLIGHTS

  • LARGEST DENTAL ORGANIZATION GUARANTY
  • NEWLY BUILT BUILDING AND FRONTING MAJOR HIGHWAY
  • LOCATED IN HEALTHY RETAIL TRADE AREA

OVERVIEW

RARE LEASE STRUCTURE - One of the first Abs. NNN Heartland Dental lease formats - Zero landlord Responsibilities - 12 Year lease with four (4) five (5) year extensions - 10% Rental Increases every 5 years and in extensions LARGEST DENTAL ORGANIZATION GUARANTY - Heartland Dental is the largest dental support organization in the United States - Over 1,800 Locations - 2023 Total Revenue was $3B TOURIST DESTINATION - Top Tourist Destination in the Country - The Grand Strand, which includes Myrtle Beach, hosts approximately 19 million tourists annually - Myrtle Beach ranked third on most popular tourist destinations for Americans by Trip Advisor in 2021 - Home to 25 international companies, in the top 10 for Foreign Direct Investment - The subject property is approximately 30 miles north of the Grand Strand LOCATED IN HEALTHY RETAIL TRADE AREA - Within a 1-mile radius of the site there is more than 1.8M SF of retail space boasting a 0.6% vacancy rate - Nearby national retailers include: Kroger, Walmart Supercenter, Lowe’s Home Improvement, The Home Depot, and much more NEWLY BUILT BUILDING AND FRONTING MAJOR HIGHWAY - The Building has recently been built to suit the tenant’s need - Warranties in place - Site is positioned off of busy I-17 (44.1K VPD) with great visibility from the highway MYRTLE BEACH MSA - Over 40K people live in a 3-mile radius, which has grown at an annual rate of 2.9% over the last 5 years (According to - Myrtle Beach has been named the fastest growing City in the US for 3rd straight year (U.S. News & World Report 2023) - 42% increases from 2010

FOR SALE DETAILS

PRICE

$3,968,000 USD

PRICE/SF

$1,867 USD /SF

CAP RATE

5.2%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Waterway Dental Care

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Freestanding, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

A

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.86 AC

LAND SF

37,462 SF

ZONING

-

APN/PARCEL ID

35601040051

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.