8671 US-17 - Retail FOR SALE


Myrtle Beach, SC 29575
$3,115,000 USD
980-498-3293
8671 US-17, Myrtle Beach, SC for Sale
$3,115,000 USD
Retail - FOR SALE
1/4
null | 6.1% Cap Rate

8671 US-17
Myrtle Beach, SC 29575


HIGHLIGHTS

  • SITE IS SURROUNDED BY THOUSANDS OF STUDENTS & HOMES
  • LARGEST DENTAL ORGANIZATION GUARANTY
  • AFFLUENT NEIGHBORHOOD IN MYRTLE BEACH

OVERVIEW

ATTRACTIVE LEASE FUNDAMENTALS - Strong NN Heartland Dental Lease Format - Minimal landlord Responsibilities - 10 Year lease with three (3) five (5) year extensions - 10% Rental Increases every 5 years and in extensions LARGEST DENTAL ORGANIZATION GUARANTY - Heartland Dental is the largest dental support organization in the United States - Over 1,800 Locations - 2023 Total Revenue was $3B MYRTLE BEACH - TOP 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 WELL POSITIONED IN A HEALTHY RETAIL NODE - The site is located at a lighted intersection in a top performing trade area - Over 1.3MSF of retail space in a 1-mile radius with a vacancy rate of 0.5% - Nearby national retailers include: Walmart Supercenter, Lowe’s Home Improvement, Lowe’s Foods, Kohl’s, Target, Marshalls, and more SITE IS SURROUNDED BY THOUSANDS OF STUDENTS & HOMES - Within 4 miles of the site are three schools with over 550 students at each - The total student count from Burgess Elementary, St James Intermediate School, and Socastee Middle School is over 2,000 providing a built in customer base - Surrounded by thousands of homes and apartments, including Sunscapes (324 apartments) and Village at Queens Harbor (184 Condos) AFFLUENT NEIGHBORHOOD IN MYRTLE BEACH - AHHI exceeds $119k in a 1-mile radius - 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 the fastest growing City in the US for 3rd straight year (U.S. News & World Report 2023) 42% increases from 2010

FOR SALE DETAILS

PRICE

$3,115,000 USD

PRICE/SF

$890 USD /SF

CAP RATE

6.1%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heartland Dental

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Service Station, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,768 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.