11359 Highway 17 - Restaurant FOR SALE


Pawleys Island, SC 29585
$2,400,000 USD
843-979-9979
11359 Highway 17, Pawleys Island, SC for Sale
$2,400,000 USD
Restaurant - FOR SALE
1/55
null | Request Cap Rate

11359 Highway 17
Pawleys Island, SC 29585


HIGHLIGHTS

  • Highway Frontage with Drive Thru
  • National Franchisee Tenant
  • 100% Leased. Building Only For Sale!
  • High Visibility

OVERVIEW

Building Only For Sale. 100% Occupied- Leased to National Franchisee of Parlor Doughnuts. Lease in Place with Two Options to Renew of 5 Years Each with 10% per annum. Building: Class B - One Story - Built in 1999 - Parking Lot in Front and Back - Drive Thru and Front & Rear Patios Situated on Nearly an 1 AC (0.80 Acres) and on the Corner of Hinnant Drive & Highway 17 or Ocean Highway Georgetown County- Pawleys Island Mainland Nearby Retailers/Tenants/Restaurants/Businesses: The Fresh Market, sonic, Chicos, Truist (Former BB&T Bank), Habaneros Mexican Restaurant, First Citizens Bank. US Post Office, MEDCare Urgent Care, Millstone Biscuit Co., Best Western Website of Business/Lessee: https://www.parlordoughnuts.com/pawleysisland-sc TidBit on Tenant of Parlor Doughnuts: 70 other Parlors operating or in development from coast to coast, in a competitive gourmet of doughnut market. Research firm IBISWorld reports doughnut stores as a $8.9 billion industry that has grown an average 6.4% yearly, since 2018. The cost to start a Parlor Doughnuts is reportedly $397,500-$1.3 million, depending upon site selection and build costs. Industry Info from a Franchise Chatter website: American’s general desire for on-the-go coffee and food; Urban youth craving a place to commune; Creative flavors, including healthier options. Around 10 billion doughnuts are made in the U.S. each year. More than 13,565 doughnut shops operate in the U.S. There are 200 million doughnut consumers.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$556 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

GC

APN/PARCEL ID

04-0153-001-01-14

ASK ABOUT THIS PROPERTY

Laura RobertsRE/MAX ExecutiveMore Info
843-979-9979

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Laura RobertsRE/MAX ExecutiveMore Info
843-979-9979

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