$7,500,000 6.50% Cap Rate 15,800 Square Feet 3.066 Acres 1370-1386 Highway 17 N N Myrtle Beach, SC 29582
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$7,500,000 6.50% Cap Rate 15,800 Square Feet 3.066 Acres 1370-1386 Highway 17 N N Myrtle Beach, SC 29582 Highlights: • 100% leased to four creditworthy tenants each with • 70,300 people live within a 20 minute drive of the firm 10 year terms Subject Property • 10% rent bumps are built into all four tenant leases • $67,800 average household income within a 1 and 3 with multiple renewal options mile radius of the Subject Property • New class A construction completed in the Spring of • Myrtle Beach ranked as the second fastest growing 2016 metro area in 2016 and 2017 according to the • Positioned in the middle of 450,000 square feet of new U.S. Census class A retail and restaurant developments • Bureau increasing nearly 4% each year to its current • Surrounding retail is anchored by Publix, Hobby Lobby, population of 447,800 TJ Maxx, Ross, Dick’s, PetSmart, Burlington, HomeGoods • Myrtle Beach, which attracts over 17 million visitors • 37,300 cars travel in front of the Subject Property on annually, is the center of the legendary 60 mile Grand Hwy 17 daily Strand region of the SC coast 2017 Demographics: 15 Minute Drive Population - 49,023 Median Household Income - $47,902 Average Household Income - $68,743 Market Profile: North Myrtle Beach is located in eastern Horry County. It’s part of the Grand Strand, a 60-mile string of Atlantic beaches. It is bordered to the southwest by Atlantic Beach and Briarcliffe Acres and to the northeast by Little River. Via U.S. Route 17, it is 15 miles northeast of Myrtle Beach and 57 miles southwest of Wilmington, NC. Via South Carolina Highway 9 it is 67 miles southeast of I-95 near Dillon, SC. Atlantic Beach, which is bordered on three sides by North Myrtle Beach, chose to remain its own town during the merger. Myrtle Beach is a world-class business destination and is poised to become a global hub for opportunity. Horry County offers a diverse mix of sites and buildings, from Class A-certified industrial parks to business and commerce centers. They have a modern infrastructure, a skilled workforce, and access to higher education that will provide your business with every opportunity to thrive. Additionally, the expansion of Myrtle Beach International Airport will allow you access to your customers via air, and US 501 can move your products to I-95 and beyond in under an hour. For property information: J. Tyson Glasser, CCIM Investment Sales Director [email protected] 864.263.5427 o • 404.435.6312 c www.REALTYLINKDEV.com.