9608 SC - 707 - Medical FOR SALE


Myrtle Beach, SC 29588
$3,787,000 USD
980-498-3293
9608 SC - 707, Myrtle Beach, SC for Sale
$3,787,000 USD
Medical - FOR SALE
1/5
null | 5.2% Cap Rate

9608 SC - 707
Myrtle Beach, SC 29588


HIGHLIGHTS

  • NEARBY THOUSANDS OF STUDENTS - BUILT IN CLIENTS
  • LARGEST DENTAL ORGANIZATION GUARANTY
  • RARE LEASE STRUCTURE

OVERVIEW

RARE LEASE STRUCTURE - One of the first Abs. NNN Heartland Dental lease formats - Zero landlord Responsibilities - 12 Year lease with four (4) 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 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 HOLMESTOWN COMMONS - Site is an outparcel to the Food Lion anchored shopping center Holmestown Commons - According to Placer.ai the center is highly visited - Adjacent to a top performing sonic (80th percentile across all sonics) NEARBY THOUSANDS OF STUDENTS - BUILT IN CLIENTS - Within a mile of the site is the St. James Schools - St. James Middle School has over 920 students and is only half a mile from the site - Even closer to the site is St. James Elementary School with over 850 students - Around a mile from the site is St. James High School with over 1,900 students on their 60 acres campus MYRTLE BEACH MSA - 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 fastest grown City in the US for 3rd straight year (U.S. News & World Report 2023) - 42% increases from 2010

FOR SALE DETAILS

PRICE

$3,787,000 USD

PRICE/SF

$1,782 USD /SF

CAP RATE

5.2%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heartland Dental

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Freestanding, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

A

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,712 SF

ZONING

-

APN/PARCEL ID

45710020049

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.