12078 Highway 17 - Storefront FOR SALE


Murrells Inlet, SC 29576- South Myrtle Beach
$2,240,000 USD
864-553-1566
12078 Highway 17, Murrells Inlet, SC for Sale
$2,240,000 USD
Storefront - FOR SALE
1/5
null | 6.4% Cap Rate

12078 Highway 17
Murrells Inlet, SC 29576
South Myrtle Beach


HIGHLIGHTS

  • Diverse tenant mix of national and local retailers, as the center features a strong blend of national and local tenancy, including GP Mobile etc.
  • Value-add NOI growth opportunity, with significant upside through increasing base rents and converting leases to Triple Net (NNN) Leases.
  • Attractive basis below replacement cost, offered at $207.41 PSF, providing downside protection and compelling entry pricing in a supply-constrained.
  • Prime location on US Hwy 17 Bypass N, situated along the primary commercial corridor serving Murrells Inlet with strong visibility.
  • High-growth, tourism-driven market, as the property is located within the Myrtle Beach MSA and benefits from sustained population growth.

OVERVIEW

Sands Investment Group is pleased to exclusively offer for sale the 10,800 SF Highway 17 Retail Strip Center located at 12078 Highway 17 Bypass N in Murrells Inlet, South Carolina. The property offers a value-add NOI growth opportunity with meaningful upside through base rent increases and the conversion of leases to Triple Net (NNN) Leases, reducing landlord expenses and enhancing long-term cash flow. Additionally, the asset is offered at an attractive basis below replacement cost at $207.41 PSF, providing downside protection and a compelling entry point in a supply-constrained coastal market. In Cooperation with Sands Investment Group Charleston, LLC - Lic. #20891 BoR: Chris Sands - Lic. SC #93103

FOR SALE DETAILS

PRICE

$2,240,000 USD

PRICE/SF

$207 USD /SF

CAP RATE

6.4%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Highway 17 Retail Strip Center | 100% Occ.

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

-

APN/PARCEL ID

46906020017

ASK ABOUT THIS PROPERTY

Claire BrazzelSands Investment GroupMore Info
864-553-1566

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Claire BrazzelSands Investment GroupMore Info
864-553-1566

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