1301 N Kings Hwy - Fast Food FOR SALE


Myrtle Beach, SC 29577
$2,778,000 USD
561-789-5504
1301 N Kings Hwy, Myrtle Beach, SC for Sale
$2,778,000 USD
Fast Food - FOR SALE
1/5
null | 6% Cap Rate

1301 N Kings Hwy
Myrtle Beach, SC 29577


HIGHLIGHTS

  • The tenant is responsible for all Taxes, CAM, and insurance, providing minimal landlord ownership responsibilities.
  • The lease calls for rental increases of 10% every five years including the option periods.
  • Site sits across Kings Hwy from the Myrtle Beach Sky Wheel, being the number 1 tourist attraction along the Boardwalk.

OVERVIEW

Starbucks signed a new 10-year lease with no kick-out clause. This property is ideally situated just three miles from US-17, which boasts over 30,000 vehicles per day (VPD). Additionally, it offers direct access off N Kings Highway, which sees over 28,800 VPD and serves as the primary highway through Myrtle Beach. Myrtle Beach is located on the eastern coast of South Carolina and has an affluent customer base, with an average household income of $94,106 within 1 mile of the site. It is also a tourism hub, hosting nearly 17 million visitors per year.

FOR SALE DETAILS

PRICE

$2,778,000 USD

PRICE/SF

$2,445 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,296 SF

ZONING

HC-2

APN/PARCEL ID

42416030013

ASK ABOUT THIS PROPERTY

Jordan KoeppelStream Capital PartnersMore Info
561-789-5504

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Jordan KoeppelStream Capital PartnersMore Info
561-789-5504

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