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.