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STRIP CENTER FOR SALE 1102-1110 S Kings Hwy
10,700 SF 100% Leased Retail Building Myrtle Beach, SC 29577 $1,600,000 ($150/SF) 7.26% Cap Rate
Investment Highlights
- LONG TERM TENANCY – 100% leased; Strong historical occupancy (15-20 years) in an area with low vacancy
- Located in one of the most dense areas of South Carolina and along Myrtle Beach’s main thoroughfare.
- Owner built 4 bed, 3 bath space above shopping center to provide additional income. The space is on MTM lease with upside on rent
- PAPA JOHN’S RANKED TOP 91ST% NATIONALLY & TOP 95TH% IN THE STATE
- – Myrtle Beach continues to rank among the top 5 U.S travel destinations and welcomes over 20 million visitors every year, including 100,000 internati
- With only service and restaurant-orientated tenants, this center stands Amazon resistant
Executive Summary
Kyle Matthews
License No. 22684 (SC)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Property Facts
Amenities
- Air Conditioning
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- 2,000 SF
- -
- Modified Gross
- Apr 2028
Papa Johns secret to success is much like the secret to making a better pizza - the more one puts into it, the more one gets out of it. Their pizza family is as hungry for perfection today as they were when they first opened their doors years ago. And they're driven to be the best at making innovative new products and recipes. They don’t use cheap and more processed ingredients. Whether it's their signature sauce, toppings, their original fresh dough, or even the box itself, they invest in their ingredients to ensure that they always give the finest quality pizza.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 2,000 SF | - | Modified Gross | Apr 2028 |
PROPERTY TAXES
| Parcel Number | 44311040009 | Improvements Assessment | $20,837 |
| Land Assessment | $18,900 | Total Assessment | $39,737 |
PROPERTY TAXES
-
Ashleigh Liguori -
Jeff Enck -
Pierce Mayson -
Kyle Stonis -
Matthews Real Estate Investment Services
Presented by
STRIP CENTER FOR SALE | 1102-1110 S Kings Hwy
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