2761 Agnes Ln - Medical FOR SALE


Myrtle Beach, SC 29577
$2,060,000 USD
980-498-3293
2761 Agnes Ln, Myrtle Beach, SC for Sale
$2,060,000 USD
Medical - FOR SALE
1/5
null | 5.5% Cap Rate

2761 Agnes Ln
Myrtle Beach, SC 29577


HIGHLIGHTS

  • WELL POSITIONED IN MEDICAL NODE NEAR OLDER CLIENTELE
  • LOCATED NEAR THOUSANDS OF HOMES AND APARTMENTS
  • CORPORATE GUARANTY FROM INVESTMENT GRADE TENANT

OVERVIEW

ATTRACTIVE LEASE FUNDAMENTALS WITH BELOW MARKET RENT AND FAIR MARKET VALUE OPTIONS - New 10 year Abs. NNN lease - 5% rent increases every 5 years in initial term and in 3 x 5 year option periods - 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 WELL POSITIONED IN MEDICAL NODE NEAR OLDER CLIENTELE - Over 50% of the population in a 1-mile radius is 55 years or older - Across the street from Tidelands Health - a 65K SF medical facility - Less than a mile from new 84K SF VA Outpatient Hospital LOCATED NEAR THOUSANDS OF HOMES AND APARTMENTS - Across the street from Cresswind Communities a 400 home active adult community - Over 3500 homes in a 1-mile radius - Over 1300 apartment units in a 1-mile radius - Adjacent to Veranda at Market Common (288 unit apartment complex) 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 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

$2,060,000 USD

PRICE/SF

$515 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Novant Health

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

A

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.06 AC

LAND SF

46,174 SF

ZONING

GC

APN/PARCEL ID

44112010016

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.