4576 Dick Pond rd - Fast Food FOR SALE


Myrtle Beach, SC 29588
$4,095,000 USD
980-498-3293
4576 Dick Pond rd, Myrtle Beach, SC for Sale
$4,095,000 USD
Fast Food - FOR SALE
1/4
null | 5.25% Cap Rate

4576 Dick Pond rd
Myrtle Beach, SC 29588


HIGHLIGHTS

  • NEW CONSTRUCTION BY NEW RESIDENTIAL COMMUNITY
  • POSITIONED IN HIGH DEMAND RETAIL TRADE AREA
  • 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 BY NEW RESIDENTIAL COMMUNITY - Newly constructed building built with Tenant’s newest prototype in mind - Directly down the road from Pulte Home’s 2K Home Development STRONG SURROUNDING DEMOGRAPHICS - Over 17K homes in a 3-mile radius - AHHI in a 3-mile radius exceeds $95K, providing high discretionary spending POSITIONED IN HIGH DEMAND RETAIL TRADE AREA - Site fronts Dick Pond Rd (31.8K VPD) - Over 464K SF of retail space in a 1-mile radius, with over 10K of absorption in trailing 12 months and a 0% vacancy rate - Nearby retailers include: Planet Fitness, Auto Zone, O’Reilly’s, Ace, Subway

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

0.96 AC

LAND SF

41,818 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.