2246 Us-17 Hwy N - Medical FOR SALE


Little River, SC 29566
$1,822,000 USD
980-498-3293
2246 Us-17 Hwy N, Little River, SC for Sale
$1,822,000 USD
Medical - FOR SALE
1/5
null | 5.5% Cap Rate

2246 Us-17 Hwy N
Little River, SC 29566


HIGHLIGHTS

  • ATTRACTIVE LEASE FUNDAMENTALS WITH BELOW MARKET RENT AND FAIR MARKET VALUE OPTIONS
  • CORPORATE GUARANTY FROM INVESTMENT GRADE TENANT
  • HIGH-VISIBILITY, EASILY ACCESSIBLE LOCATION

OVERVIEW

ATTRACTIVE LEASE FUNDAMENTALS WITH BELOW MARKET RENT AND FAIR MARKET VALUE OPTIONS - New 10 year Abs. NNN lease - 5% in 2029 & FMV in Options - Zero landlord responsibilities CORPORATE GUARANTY FROM INVESTMENT GRADE TENANT - This Novant Health location is backed by the Novant Health credit (S&P: AA-) - The tenant Novant Health Urgent care is a subsidiary of Novant Health with over $8.3 Billion in annual revenue - The whole system has over 18 hospitals, 850 outpatient centers, and over 40,000 employees LOCATED IN EXPANDING HEALTHCARE CORRIDOR - Within a rapidly developing medical corridor along U.S. Hwy 17 - Surrounded by complimentary healthcare uses including McLeod Health, Tidelands Health and multiple dental, imaging and primary offices - 54,822 jobs will be added to the Healthcare and Social Assistance sector over the next decade (17.6%) HIGH-VISIBILITY, EASILY ACCESSIBLE LOCATION - Prominent frontage and monument signage along U.S. 17 with multiple points of ingress/egress - High daytime traffic from nearby retail, schools, and residential communities - Less than 2 miles from the North Carolina state line and a direct feeder to Myrtle Beach tourist traffic POSITIONED ON A MAJOR COSTAL CORRIDOR - Located directly along U.S. Highway 17 (+32,200 VPD), the primary commercial artery through the Myrtle Beach metropolitan area - Surrounded by more than 1.1 million SF within a 3-mile radius of including Walmart, Publix, Lowe’s Foods, Target, Home Depot, and numerous QSR and service retailers MYRTLE BEACH MSA - Over 50K people live in a 3-mile radius, which is expected to grow at an annual rate of 4.2% over the next 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

$1,822,000 USD

PRICE/SF

$543 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Novant Health | Little River, SC

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

A

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

Commercial

APN/PARCEL ID

30714030075

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 Notice.