135 Sapwood Dr - Fast Food FOR SALE


Myrtle Beach, SC 29579
$3,533,000 USD
980-498-3293
135 Sapwood Dr, Myrtle Beach, SC for Sale
$3,533,000 USD
Fast Food - FOR SALE
1/5
null | 6.75% Cap Rate

135 Sapwood Dr
Myrtle Beach, SC 29579


HIGHLIGHTS

  • NEW CONSTRUCTION ON A HIGH TRAFFICKED CORRIDOR
  • STRONG LEASE FUNDAMENTALS
  • POSITIONED IN BRAND NEW MIXED USE COMMUNITY

OVERVIEW

STRONG LEASE FUNDAMENTALS - Slim Chickens signed a 15 Year Lease with 3 x 5 Year extensions - The lease is Abs. NNN with zero landlord responsibilities providing a hands-off long term investment FAST GROWING QSR BRAND (200+ LOCATIONS) - With over 204 locations across the United States, Slim Chickens is expanding quickly - With the goal of signing 150 new franchisee agreements and opening 50 more locations before years end growing brand recognition nationally NEW CONSTRUCTION ON A HIGH TRAFFICKED CORRIDOR - Site was Constructed in 2024 with the tenants new prototype - Fronts Carolina Forest Blvd with cross access to River Oaks Dr 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 POSITIONED IN BRAND NEW MIXED USE COMMUNITY - Outparcel to brand new Publix anchored center (66.4K SF) & Hawthorne at Mill, a 290 Unit Apartment Complex - Within a 1-mile radius of the site is more than 350K SF of retail space - Nearby National Retail Tenants Include: Food Lion, Lowe’s Foods, CVS, Walmart Supercenter, Costco, and much more 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 fastest grown City in the US for 3rd straight year (U.S. News & World Report 2023) - 42% increases from 2010

FOR SALE DETAILS

PRICE

$3,533,000 USD

PRICE/SF

$1,153 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Slim Chickens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

37

LAND DETAILS

LAND ACRES

1.37 AC

LAND SF

59,716 SF

ZONING

-

APN/PARCEL ID

39615030014

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.