1934 SC-544 - Fast Food FOR SALE


Myrtle Beach, SC 29575
$4,095,000 USD
980-498-3293
1934 SC-544, Myrtle Beach, SC for Sale
$4,095,000 USD
Fast Food - FOR SALE
1/4
null | 5.25% Cap Rate

1934 SC-544
Myrtle Beach, SC 29575


HIGHLIGHTS

  • HIGHLY VISIBLE ON A RETAIL CORRIDOR
  • NEW CONSTRUCTION ON OUTPARCEL TO RYAN HOMES DEVELOPMENT
  • ATTRACTIVE LEASE FUNDAMENTALS

OVERVIEW

ATTRACTIVE LEASE FUNDAMENTALS - New 20 year Abs. NNN - 2% Annual Increases - Zero Landlord Responsibilities - 4 x 5 year extensions providing a long term investment FAST GROWING BRAND - Freddy’s currently has over 550 locations across 36 states - The company goal is to reach 800 restaurants by 2026 with 130 locations in development for the next two years 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 NEW CONSTRUCTION ON OUTPARCEL TO RYAN HOMES DEVELOPMENT - Building is being built to suit Freddy’s concept | Warranties will be assigned to new owner - Outparcel to Ryan Home’s Meadows Edge Townhomes, a 120 Townhome Community HIGHLY VISIBLE ON A RETAIL CORRIDOR - Fronting SC-544 (35.2K VPD) - Over 213K SF of retail space located in a 1-mile radius boasting a 0% vacancy rate - Nearby national tenants include: Food Lion, Walmart Supercenter, Publix, Kroger, Dollar General, and more COASTAL CAROLINA UNIVERSITY - Under 2-miles from the site is Coastal Carolina University which has more than 11K students and 922 staff members - With the school growing every year the economic impact of Coastal Carolina exceeds $565 Million annually

FOR SALE DETAILS

PRICE

$4,095,000 USD

PRICE/SF

$1,569 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Freddy's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,640 SF

ZONING

-

APN/PARCEL ID

-

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.