10133 N Kings Hwy - Restaurant FOR SALE


Myrtle Beach, SC 29572
$3,610,461 USD
332-345-4222
10133 N Kings Hwy, Myrtle Beach, SC for Sale
$3,610,461 USD
Restaurant - FOR SALE
1/2
null | 6.5% Cap Rate

10133 N Kings Hwy
Myrtle Beach, SC 29572


HIGHLIGHTS

  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease
  • Approximately 13.4 Years Remaining
  • The Lesser of Ten Percent (10%) or 1.25 Times Change In CPI Occurring Every Five (5) Years And Each Renewal Option Starting In January 2033

OVERVIEW

NNN Pro Group is pleased to present the exclusive listing for a Hooters located at 10133 N Kings Highway in Myrtle Beach, SC. The site consists of roughly 6,734 rentable square feet of building space on estimated 1.61-acre parcel of land. This Hooters is subject to a 20-year absolute triple-net (NNN) lease, which commenced in 2013. The current annual rent is $234,680 and is scheduled to increase by the lesser of 10% or 1.25 times change in CPI every 5 years in each of the 3, 5-year renewal options remaining.

FOR SALE DETAILS

PRICE

$3,610,461 USD

PRICE/SF

$536 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hooters

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

80

LAND DETAILS

LAND ACRES

1.61 AC

LAND SF

70,132 SF

ZONING

-

APN/PARCEL ID

39010020001

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.