EXCLUSIVE NET-LEASE

Actual Photo OFFERING MEMORANDUM

1410 N Ocean Blvd, Myrtle Beach, SC 29577 Confidentiality and Disclaimer

Marcus & Millichap hereby advises all prospective purchasers of properties, including newly-constructed facilities or newly- income or expenses for the subject property, the future projected Net Leased property as follows: acquired locations, may be set based on a tenant’s projected financial performance of the property, the size and square sales with little or no record of actual performance, or footage of the property and improvements, the presence or The information contained in this Marketing Brochure has been comparable rents for the area. Returns are not guaranteed; the absence of contaminating substances, PCB’s or asbestos, the obtained from sources we believe to be reliable. However, tenant and any guarantors may fail to pay the lease rent or compliance with State and Federal regulations, the physical Marcus & Millichap has not and will not verify any of this property taxes, or may fail to comply with other material terms of condition of the improvements thereon, or the financial information, nor has Marcus & Millichap conducted any the lease; cash flow may be interrupted in part or in whole due to condition or business prospects of any tenant, or any tenant’s investigation regarding these matters. Marcus & Millichap makes market, economic, environmental or other conditions. Regardless plans or intentions to continue its occupancy of the subject no guarantee, warranty or representation whatsoever about the of tenant history and lease guarantees, Buyer is responsible for property. The information contained in this Marketing Brochure accuracy or completeness of any information provided. conducting his/her own investigation of all matters affecting the has been obtained from sources we believe to be reliable; intrinsic value of the property and the value of any long-term however, Marcus & Millichap has not verified, and will not verify, As the Buyer of a net leased property, it is the Buyer’s lease, including the likelihood of locating a replacement tenant if any of the information contained herein, nor has Marcus & responsibility to independently confirm the accuracy and the current tenant should default or abandon the property, and Millichap conducted any investigation regarding these matters completeness of all material information before completing any the lease terms that Buyer may be able to negotiate with a and makes no warranty or representation whatsoever regarding purchase. This Marketing Brochure is not a substitute for your potential replacement tenant considering the location of the the accuracy or completeness of the information provided. All thorough due diligence investigation of this investment property, and Buyer’s legal ability to make alternate use of the potential buyers must take appropriate measures to verify all of opportunity. Marcus & Millichap expressly denies any obligation property. the information set forth herein. to conduct a due diligence examination of this Property for Buyer. By accepting this Marketing Brochure you agree to release Marcus & Millichap Real Estate Investment Services and hold it NON-ENDORSEMENT NOTICE Any projections, opinions, assumptions or estimates used in this harmless from any kind of claim, cost, expense, or liability arising Marketing Brochure are for example only and do not represent out of your investigation and/or purchase of this net leased Marcus & Millichap Real Estate Investment Services, Inc. the current or future performance of this property. The value of a property. (“M&M”) is not affiliated with, sponsored by, or endorsed by any net leased property to you depends on factors that should be commercial tenant or lessee identified in this marketing package. evaluated by you and your tax, financial and legal advisors. CONFIDENTIALITY AND DISCLAIMER The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or Buyer and Buyer’s tax, financial, legal, and construction advisors The information contained in the following Marketing Brochure is endorsement by, said corporation of M&M, its affiliates or should conduct a careful, independent investigation of any net proprietary and strictly confidential. It is intended to be reviewed subsidiaries, or any agent, product, service, or commercial listing leased property to determine to your satisfaction with the only by the party receiving it from Marcus & Millichap and should of M&M, and is solely included for the purpose of providing suitability of the property for your needs. not be made available to any other person or entity without the tenant lessee information about this listing to prospective written consent of Marcus & Millichap. This Marketing Brochure customers. Like all real estate investments, this investment carries significant has been prepared to provide summary, unverified information risks. Buyer and Buyer’s legal and financial advisors must request to prospective purchasers, and to establish only a preliminary ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE and carefully review all legal and financial documents related to level of interest in the subject property. The information CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE the property and tenant. While the tenant’s past performance at contained herein is not a substitute for a thorough due diligence DETAILS. this or other locations is an important consideration, it is not a investigation. Marcus & Millichap has not made any investigation, guarantee of future success. Similarly, the lease rate for some and makes no warranty or representation, with respect to the

1410 N Ocean Blvd, Myrtle Beach, SC 29577 Table of Contents Investment Overview 4 Location Overview

Tenant Overview Surrounding Area - Hotels 22

BurgerFi 5 Local Market – New Developments 23

The General Store 6 Demographics 24

ATM – First Citizens Bank 7 Local Map 25

American Resort Management 8 Regional Map 26

Starbucks 9 Market Overview 27

Bandito’s Restaurant and Cantina 10

Tin Roof – Myrtle Beach 11

Property Photos 12-21

Actual Photo Investment Overview PRICE: $23,572,157 | CAP: 5.75% | NOI: $1,355,399 Property Description Property THE Blvd Property Address 1410 N Ocean Blvd City, State, ZIP Myrtle Beach, SC 29577 Year Built 2018 Type of Ownership Fee Simple Total Leasable Area 42,472 SF Lot Size 0.72 Acres Number of Floors 3 Number of Suites 7 + ATM Suites Leased 100% Qualified Opportunity Zone Yes Offering Summary INVESTMENT HIGHLIGHTS Price $23,572,157 One of the Nations’ Fastest Growing Markets: Myrtle Beach, SC CAP Rate 5.75% continues to rank as one of the fastest-growing family and vacation Net Operating Income $1,355,399 destinations in the nation, attracting roughly 19 million visitors Price/SF $550.00 annually. Average Rent/SF $31.91 Lease Type Triple-Net (NNN) Proximity to Key Demand Drivers: THE Blvd satisfies an immediate Roof and Structure Landlord market need by providing highly desired amenities and entertainment to the neighboring hotels that do not provide such Tenant Mix services. Space 1 BurgerFi Space 2 The General Store Exceptional Location and Build: State of the art construction, Space 3 + 4 American Resort Management (Arcade) immediate access to substantial public parking, and located in the Space 5 heart of Myrtle Beach. Space 6 Bandito’s Restaurant and Cantina Space 7 Tin Roof Myrtle Beach 100% Leased: 100% pre-leased with NNN leases prior to Space ATM First Citizens Bank completion of construction.

The Blvd – Myrtle Beach, SC 4 Tenant 1: BurgerFi General Information Annualized Operating Data Tenant Trade Name BurgerFi Rent Period Monthly Rent Annual Rent % Increase Ownership Private Year 1 $8,333.33 $100,000.00 - Tenant BurgerFi Enterprises, LLC Year 2 $8,500.00 $102,000.00 2.0% Lease Type Triple Net Year 3 $8,670.00 $104,040.00 2.0% Lease Commencement 8/23/2018 Year 4 $8,843.40 $106,120.80 2.0% Base Lease Expiration 8/31/2028 Year 5 $9,020.27 $108,243.22 2.0% Base Lease Term 10 Years Year 6 $9,200.67 $110,408.08 2.0% Rent Increases 2.0% Annual Year 7 $9,384.69 $112,616.24 2.0% Renewal Options Two (2), Five (5) Year Options Year 8 $9,572.38 $114,868.57 2.0% Increases in Options 2.0% Annual Year 9 $9,763.83 $117,165.94 2.0% % GLA 10.72% Year 10 $9,959.11 $119,509.26 2.0% Roof & Structure Landlord Responsible Options Common Area Tenant's Pro-Rata Expense Option Years 11-15 $10,158.29 $121,899.44 2.0% Annual Real Estate Taxes Tenant's Pro-Rata Expense Option Years 16-20 $11,215.57 $134,586.83 2.0% Annual Insurance Tenant's Pro-Rata Expense Guarantor Corporate LANDLORD EXPENSE REIMBURSEMENTS 10.72% GLA 4,555 SF Headquartered Palm Beach, FL Operating Expense Annual Amount Amount PSF Number of Locations 106 CAM $6,832.50 $1.50 Website www.burgerfi.com CAM Admin Fee (10%) $683.25 $0.15 Insurance $6,832.50 $1.50 Taxes $17,309.00 $3.80 Marketing Fund $4,555.00 $1.00 Year 1 Rent $100,000.00 $21.95 Unit Total $136,212.25 $29.90 BurgerFi is an American chain focused on all-natural , , hot dogs, and custard. The first location was opened in February 2011 in Lauderdale-by-the-Sea, Florida.

The chain has expanded to over 100 locations since its foundation and was one of the fastest-growing fast food chains in the U.S. in 2015. BurgerFi operates in more than 20 US states, and in three other countries: Panama, Mexico and Kuwait. Actual Photo The Blvd – Myrtle Beach, SC 5 Tenant 2: The General Store

General Information Annualized Operating Data Tenant Trade Name The General Store Rent Period Monthly Rent Annual Rent % Increase Ownership Private Year 1 $9,362.50 $112,350.00 - Tenant ANI CREATION, Inc. Year 2 $9,362.50 $112,350.00 - Lease Type Triple Net Year 3 $9,362.50 $112,350.00 - Lease Commencement 8/30/2018 Year 4 $9,362.50 $112,350.00 - Base Lease Expiration 8/31/2023 Year 5 $9,362.50 $112,350.00 - Base Lease Term 5 Years Options Rent Increases None Option Years 6-10 $9,830.63 $117,967.50 5.0% Renewal Options Two (2), Five (5) Year Options Option Years 11-15 $10,322.16 $123,865.88 5.0% Increases in Options 5% Each Option % GLA 7.57% LANDLORD EXPENSE REIMBURSEMENTS 7.57% GLA 3,214 SF Roof & Structure Landlord Responsible Operating Expense Annual Amount Amount PSF Common Area Tenant's Pro-Rata Expense CAM $4,821.00 $1.50 Real Estate Taxes Tenant's Pro-Rata Expense CAM Admin Fee (10%) $482.10 $0.15 Insurance Tenant's Pro-Rata Expense Insurance $4,821.00 $1.50 Guarantor Personal Taxes $12,213.20 $3.80 Headquartered Myrtle Beach, SC Marketing Fund $3,214.00 $1.00 Year 1 Rent $112,350.00 $34.96 Unit Total $137,901.30 $42.91

Actual Photo The Blvd – Myrtle Beach, SC 6 Tenant 3+4: American Resort Management

General Information Annualized Operating Data Tenant Trade Name American Resort Management Rent Period Monthly Rent Annual Rent % Increase Ownership Private Year 1 $29,166.67 $350,000.00 - Tenant EPIC ARCADES SC LLC Year 2 $29,750.00 $357,000.00 2.0% Lease Type Triple-Net Year 3 $30,345.00 $364,140.00 2.0% Lease Commencement Earlier of: Delivery of Space/June 1, 2019 Year 4 $30,951.90 $371,422.80 2.0% Base Lease Expiration June 30, 2029 Year 5 $31,570.94 $378,851.26 2.0% Base Lease Term 10 Years Year 6 $32,202.36 $386,428.28 2.0% Rent Increases 2% Annual Year 7 $32,846.40 $394,156.85 2.0% Renewal Options Two (2) – Five (5) Year Options Year 8 $33,503.33 $402,039.98 2.0% Increases in Options 2% Annual Year 9 $34,173.40 $410,080.78 2.0% % GLA 34.17% Year 10 $34,856.87 $418,282.40 2.0% Roof & Structure Landlord Responsible Options 2.0% Common Area Tenant's Pro-Rata Expense $35,554.00 - $426,648.05 - Years 11-15 2.0% Annual Real Estate Taxes Tenant's Pro-Rata Expense $38,484.80 $461,817.57 Insurance Tenant's Pro-Rata Expense $39,254.49 - $471,053.92 - Years 16-20 2.0% Annual Guarantor N/A $42,490.33 $509,883.91 Headquartered Erie, PA American Resort Management, LLC is an award-winning hospitality LANDLORD EXPENSE REIMBURSEMENTS 34.17% GLA 14,512 SF management company specializing in the development, consulting, operation Amount and long-term management of a diverse range of hospitality projects of all Operating Expense Annual Amount PSF sizes. CAM $21,768.00 $1.50 CAM Admin Fee (10%) $2,176.80 $0.15 Insurance $21,768.00 $1.50 Taxes $55,145.60 $3.80 Marketing Fund $14,512.00 $1.00 Year 1 Rent $350,000.00 $24.12 Unit Total $465,370.40 $32.07

Representative Photo The Blvd – Myrtle Beach, SC 7 Tenant 5: Starbucks General Information Annualized Operating Data Tenant Trade Name Starbucks Rent Period Monthly Rent Annual Rent % Increase Ownership Public Year 1 $3,052.08 $36,625.00 - Tenant MB National, LLC Year 2 $3,052.08 $36,625.00 - Lease Type Triple Net Year 3 $3,052.08 $36,625.00 - Lease Commencement 8/31/2018 Year 4 $3,052.08 $36,625.00 - Base Lease Expiration 8/31/2028 Year 5 $3,052.08 $36,625.00 - Base Lease Term 10 Years Year 6 $3,052.08 $36,625.00 - Percentage Rent 15% of $550,000 - $1,000,000 Year 7 $3,052.08 $36,625.00 - Renewal Options Three (3), Five (5) Year Options Year 8 $3,052.08 $36,625.00 - Increases in Options 10% Each Option Year 9 $3,052.08 $36,625.00 - % GLA 3.45% Year 10 $3,052.08 $36,625.00 - Roof & Structure Landlord Responsible Options Common Area Tenant's Pro-Rata Expense Option Years 11-15 $3,357.29 $40,287.50 10.0% Real Estate Taxes Tenant's Pro-Rata Expense Option Years 16-20 $3,693.02 $44,316.25 10.0% Insurance Tenant's Pro-Rata Expense Option Years 21-25 $4,062.32 $48,747.88 10.0% Guarantor N/A LANDLORD EXPENSE REIMBURSEMENTS 3.45% GLA 1,465 SF Headquartered Myrtle Beach, SC Operating Expense Annual Amount Amount PSF Myrtle Beach National Kings North CAM $2,197.50 $1.50 Other Owned Businesses Myrtle Beach National SouthCreek CAM Admin Fee (10%) $219.75 $0.15 Myrtle Beach National West Insurance $2,197.50 $1.50 Website www.myrtlebeachnational.com Taxes $5,567.00 $3.80 Marketing Fund $1,465.00 $1.00 Back when they first started in 1971, Starbucks was just a roaster and Year 1 Rent $36,625.00 $25.00 retailer of whole bean and ground coffee, tea and spices with a single store in Seattle’s Pike Place Market. The company opened an average Unit Total $48,271.75 $32.95 of two new locations daily between 1987 and 2007. Today, Starbucks is privileged to connect with millions of customers every day with exceptional products and as of September 2018, Starbucks is present on 6 continents and in 76 countries and territories, with a total of 27,340 locations.

The Blvd – Myrtle Beach, SC 8 Tenant 6: Bandito’s Restaurant and Cantina General Information Annualized Operating Data Tenant Trade Name Bandito’s Restaurant and Cantina Rent Period Monthly Rent Annual Rent % Increase Ownership Private Year 1 $28,593.33 $343,120.00 - Tenant MB Oceanfront Entertainment, LLC Year 2 $28,593.33 $343,120.00 - Lease Type Triple Net Year 3 $28,593.33 $343,120.00 - Lease Commencement 3/1/2019 Year 4 $28,593.33 $343,120.00 - Base Lease Expiration 3/31/2029 Year 5 $28,593.33 $343,120.00 - Base Lease Term 10 Years Year 6 $29,451.13 $353,413.60 3.0% Renewal Options One (1), Five (5) Year Option Year 7 $29,451.13 $353,413.60 - Increases 3% Every Five (5) Years Year 8 $29,451.13 $353,413.60 - % GLA 20.20% Year 9 $29,451.13 $353,413.60 - Roof & Structure Landlord Responsible Year 10 $29,451.13 $353,413.60 - Common Area Tenant's Pro-Rata Expense Options Real Estate Taxes Tenant's Pro-Rata Expense Option Years 11-15 $30,334.67 $364,016.01 3.0% Insurance Tenant's Pro-Rata Expense Guarantor N/A LANDLORD EXPENSE REIMBURSEMENTS 20.20% GLA 8,578 SF Headquartered Myrtle Beach, SC Operating Expense Annual Amount Amount PSF Website www.banditosmyrtle.com CAM $12,867.00 $1.50 CAM Admin Fee (10%) $1,286.70 $0.15 Insurance $12,867.00 $1.50 Taxes $32,596.40 $3.80 Marketing Fund $8,578.00 $1.00 Year 1 Rent $343,120.00 $40.00 Unit Total $411,315.10 $47.95

“You'll find us at the same address as before, with a new modern vibe and many of your same authentic Mexican favorites, but you'll also love what's new: a drink menu packed full of creative concoctions... Tequilas you won't find elsewhere on the Grand Strand or Carolinas... and ocean views that you have to see to believe.” – Bandito’s

Actual Photo The Blvd – Myrtle Beach, SC 9 Tenant 7: Tin Roof Myrtle Beach

General Information Annualized Operating Data Tenant Trade Name Tin Roof Rent Period Monthly Rent Annual Rent % Increase Ownership Private Year 1 $33,642.00 $403,704.00 - Tenant Tin Roof Acquisition Company Year 2 $33,642.00 $403,704.00 - Lease Type Triple Net Year 3 $33,642.00 $403,704.00 - Lease Commencement 3/1/2019 Year 4 $33,642.00 $403,704.00 - Base Lease Expiration 3/31/2030 Year 5 $33,642.00 $403,704.00 - Base Lease Term 11 Years Year 6 $33,642.00 $403,704.00 - Renewal Options Four (4), Five (5) Year Option Year 7 $37,006.17 $440,074.00 10% 10% Every Five (5) Years Starting Year 8 $37,006.17 $440,074.00 - Increases Year 7 Year 9 $37,006.17 $440,074.00 - % GLA 23.73% Year 10 $37,006.17 $440,074.00 - Roof & Structure Landlord Responsible Year 11 $37,006.17 $440,074.00 Common Area Tenant's Pro-Rata Expense Options Real Estate Taxes Tenant's Pro-Rata Expense Option Years 12-16 $40,706.83 $488,482.00 10.0% Insurance Tenant's Pro-Rata Expense Option Years 17-21 $44,775.92 $537,311.00 10.0% Sales Reporting Yes Option Years 22-26 $49,253.50 $591,042.00 10.0% Guarantor N/A Option Years 27-31 $54,178.83 $650,146.00 10.0% Locations 16 LANDLORD EXPENSE REIMBURSEMENTS 23.73% GLA 10,078 SF Headquartered Nashville, TN Operating Expense Annual Amount Amount PSF Website www.tinroofmyrtlebeach.com CAM $15,117.00 $1.50 CAM Admin Fee (10%) $1,511.70 $0.15 Insurance $15,117.00 $1.50 Taxes $38,296.40 $3.80 Marketing Fund $10,078.00 $1.00 Year 1 Rent $403,704.00 $40.06 Unit Total $483,824.10 $48.01 In 2002, the Original Tin Roof opened near Nashville’s famed Music Row to give musicians a place to play and a place to hang when they weren’t on stage. The tasty food, fun, eclectic environment, community of Regulars and friendly Crew helped quickly establish the Roof as the place to be for musicians and non-musicians alike. Over the years, our stages have hosted the famous, the should have been famous, and everyone in between. Actual Photo The Blvd – Myrtle Beach, SC 10 Tenant ATM: First Citizens Bank

General Information Annualized Operating Data Tenant Trade Name First Citizens Bank Rent Period Monthly Rent Annual Rent % Increase Ownership Public Year 1 $800.00 $9,600.00 - Tenant First-Citizens Bank and Trust Company Year 2 $800.00 $9,600.00 - Stock Symbol FCNCA Year 3 $800.00 $9,600.00 - Lease Commencement 8/30/2018 Year 4 $800.00 $9,600.00 - Base Lease Expiration 8/31/2023 Year 5 $800.00 $9,600.00 - Base Lease Term 5 Years Options Rent Increases None Option Years 6-10 $840.00 $10,080.00 5.0% Renewal Options Three (3), Five (5) Year Options Option Years 11-15 $882.00 $10,584.00 5.0% Increases in Options 5% Each Option Option Years 16-20 $926.10 $11,113.20 5.0% % GLA 0.16% Roof & Structure Landlord Responsible LANDLORD EXPENSE REIMBURSEMENTS 0.16% GLA 70 SF Common Area Included in Rent Operating Expense Annual Amount Amount PSF Operating Taxes Tenant Responsible CAM Included - Insurance N/A Insurance N/A - Guarantor N/A Taxes Included - Marketing Fund - - Year 1 Expense $0.00 $0.00 Unit NOI $9,600.00 $137.14

Actual Photo The Blvd – Myrtle Beach, SC 11 Property Photo

THE Blvd – Myrtle Beach, SC 12 Property Photo

THE Blvd – Myrtle Beach, SC 13 Property Photo

THE Blvd – Myrtle Beach, SC 14 Property Photo

THE Blvd – Myrtle Beach, SC 15 Property Photo

THE Blvd – Myrtle Beach, SC 16 Property Photo

THE Blvd – Myrtle Beach, SC 17 Property Photo

THE Blvd – Myrtle Beach, SC 18 Surrounding Area (West)

THE Blvd – Myrtle Beach, SC 19 Surrounding Area (North)

THE Blvd – Myrtle Beach, SC 20 Surrounding Area (South)

THE Blvd – Myrtle Beach, SC 21 Surrounding Area – Hotel Amenities

THE Blvd satisfies an immediate market need by providing highly Myrtle Beach, SC desired amenities and entertainment to the neighboring hotels that do not provide such services.

On-Site Live Neighboring Hotels Entertainment Ocean Enclave by Hilton Grand None

Atlantica Resort Bar/ Lounge Sandcastle Oceanfront Resort None Camelot by the Sea None Roxanne Towers None Bluegreen Vacation Seaglass Tower None Yachtsman Timeshare Resort None Holiday Inn at the Pavilion Tropical Beach Bar The Breakers Resort Bar & Grill Meridian Plaza By Beach Vacations None

Myrtle Beach Chamber of Commerce and Visitor’s Bureau: “We could not be happier to welcome this new Myrtle Beach venture. The Blvd will be a unique addition to Myrtle Beach’s music and culinary scene. Live music, an array of high quality food, and the Myrtle Beach Boardwalk overlooking the Atlantic Ocean is a winning combination for our visitors and residents alike. The new corporate investment adds diversity to our traditional product mix and is a major step in helping to revitalize the area.”

THE Blvd – Myrtle Beach, SC 22 Local Area – New Developments

Myrtle Beach, SC continues to rank as one of the fastest-growing family and vacation destinations in the nation, attracting roughly 19 million visitors annually. Given the accessibility and multitude of attractions for families, the Myrtle Beach area received several new accolades in 2018 including being ranked by Google as the "Third Most Searched Travel Destination in the World", one of the Travel Channel's "Best East Coast Beaches" and a "Top 10 Beach Town with the Highest Quality of Life" by Coastal Living.1 Project Investment New hotel featuring 330 luxury oceanfront units reaching 27 Ocean Enclave by Hilton stories high. Now under construction with a projected completion date in the summer of 2019, A new Marriott-branded resort hotel managed by local Brittain Marriott Hotel at 21st Avenue North Myrtle Beach Resorts & Hotels is coming to central Myrtle Beach. 305,964-square-foot hotel will be 17 stories high and include its Residence Inn by Marriott Myrtle Beach Oceanfront own parking structure and pool The development is proposed to include 1,600 units of homes and apartments as well as 370,000 square-feet of space for retail Intracoastal Waterway Development and dining. The development would include event space, docks for boats, boat rentals and tours. Plans approved in Spring 2018 14 oceanfront properties and nearly 4,000 accommodation units, Caravelle Resort Undergoes Extensive Room Renovations recently completed extensive renovation A new oceanfront resort property, South Bay Inn & Suites, recently opened in Myrtle Beach along the boardwalk. The resort South Bay Inn & Suites totals 237,000-square-feet, is 19-stories high and includes 242 guest rooms A new Topgolf is planned to open in early 2019 in Myrtle Beach Topgolf inside a 38,382-square-foot building at 29th Ave 20M, Four-story, 75,000-square-foot complex that will house over Gateway Galleria Mixed-Use Complex Coming to Ocean 40 visitor condos and a bottom floor filled with restaurants, Boulevard fitness and retail. 1 https://www.prnewswire.com/news-releases/visit-myrtle-beach-sc-announces-latest-new-developments-300786023.html

THE Blvd – Myrtle Beach, SC 23 Demographics Property Address: 1410 N Ocean Blvd, Myrtle Beach, SC 29577 3 Miles 5 Miles 10 Miles POPULATION 2022 Projection 28,053 62,223 169,712 2017 Estimate 25,607 53,691 146,490 10 Miles 2010 Census 22,244 45,966 124,546 2000 Census 18,906 31,729 83,136

INCOME Average $55,209 $59,320 $62,403 5 Miles Median $35,365 $40,607 $45,659 Per Capita $24,157 $25,889 $26,507

3 Miles HOUSEHOLDS 2022 Projection 12,358 27,211 72,434 2017 Estimate 11,156 23,379 62,068 2010 Census 9,707 19,922 52,651 2000 Census 8,643 14,330 35,987

HOUSING 2017 $154,193 $175,138 $181,981

EMPLOYMENT 2017 Daytime Population 58,143 82,171 169,912 2017 Unemployment 5.76% 5.33% 5.59% 2017 Median Time 19min 19min 21min Traveled

RACE & ETHNICITY White 65.58% 75.70% 81.86% Native American 0.29% 0.20% 0.15% African American 17.80% 11.85% 8.45% Asian/Pacific Islander 1.98% 1.98% 1.92%

THE Blvd – Myrtle Beach, SC 24 Local Map Property Address: 1410 N Ocean Blvd, Myrtle Beach, SC 29577

Myrtle Beach International Airport

THE Blvd – Myrtle Beach, SC 25 Regional Map Property Address: 1410 N Ocean Blvd, Myrtle Beach, SC 29577

THE Blvd – Myrtle Beach, SC 26 Market Overview City: Myrtle Beach | County: Horry | State: South Carolina Myrtle Beach provides miles of shoreline, beachfront hotels, family-friendly attractions and a vibrant nightlife attracting visitors and residents. The market is home to a variety of industries including technology Myrtle Beach, SC and tourism, and it is composed of Brunswick County in North Carolina and Horry County in South Carolina. The area’s five-year population growth and household formation will far outpace the national rate of growth.

METRO HIGHLIGHTS

GROWING TECHNOLOGY CENTER The metro has become a technology startup hub as several higher-education institutions prepare and expand the workforce.

HIGHER EDUCATION Several postsecondary schools are located in the metro, including Coastal Carolina University and Horry-Georgetown Technical College.

TOURISM AND GOLF Myrtle Beach is home to approximately 100 golf courses, offering a wide selection for both professional players and amateur golfers.

Major Employers Employer Estimated # of Employees* Conway Medical Center 2,275 Walmart 1,430 Legacy Business Solutions LLC 1,300 Gourmet Burgers Inc 1,297 Wrnn-FM 1,015 Grand Stand Regional Med Ctr 1,000 Myrtle Beach Hospital Inc 875 World Tour Golf Links 866 Sands Resorts Holding LLC 750 AVX Corporation 744 Blue Cross 525 * # of Employees based on 10 mile radius

THE Blvd – Myrtle Beach, SC 27 EXCLUSIVE NET-LEASE OFFERING

Broker of Record Ben Yelm 151 Meeting Street Suite 450 Charleston, SC 29401 Tel: (843) 952-2222 LIC # 86628 28