4401 N Kings Hwy | Myrtle Beach, SC 29577
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4401 N Kings Hwy
Myrtle Beach, SC 29577
Chili's · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Passive Investment Opportunity – ±9.75 years remaining on an initial 20 year Absolute NNN Lease.
- Absolute NNN Lease with Minimal landlord Responsibilities – Tenant is responsible for maintaining Roof, Structure, and parking lot.
- Naked Lease – Flexibility to repurpose the property and potentially increase rents
- National Tenant – Founded in 1975, Chili’s has since grown to 1600+ locations in 49 states and 30 countries
- Recent Extension of Term – The tenant exercised an early lease extension, demonstrating their commitment to this location and market.
- High Traffic Count – Traffic counts on N Kings Hwy exceed ±25,800 VPD
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,346 SF
Building Class
B
Year Built
1995
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.17 AC
Zoning
None
Parking
94 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 42301040049 | Improvements Assessment | $92,209 |
| Land Assessment | $74,017 | Total Assessment | $166,226 |
PROPERTY TAXES
Parcel Number
42301040049
Land Assessment
$74,017
Improvements Assessment
$92,209
Total Assessment
$166,226
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