3949 & 3951 Dick Pond Rd - Freestanding FOR SALE
Myrtle Beach, SC 29588 |
$2,620,190 USD
949-662-2256
3949 & 3951 Dick Pond Rd
Myrtle Beach, SC 29588
HIGHLIGHTS
- STABLE LONG-TERM INVESTMENT | NNN LEASE-At the close of escrow, the Tenant will execute a new 15-year NNN lease with three (3), five (5) year options
- SCHEDULED RENTAL INCREASES- 2% annual rental escalators, providing a future owner with a boost in cash flow and a hedge against inflation
- TENANT INVESTMENT IN LOCATION-Pet Hospitals rarely relocate due to the difficulty of retaining the same patients in a new location and the high costs
- FAVORABLE DEMOGRAPHICS - This asset caters to more than 101k residents within a 5-mile radius of the site.
- PRIME LOCATION- The site is well positioned along Hwy 544, seeing more than 34,700 vehicles per day.
FOR SALE DETAILS
PRICE
$2,620,190 USD
PRICE/SF
$849 USD /SF
CAP RATE
7.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Destination Pet | 180+ National Operator
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1998
SPRINKLERS
-
PARKING SPACES
5
LAND DETAILS
LAND ACRES
2.56 AC
LAND SF
111,513 SF
ZONING
-
APN/PARCEL ID
44806020022
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949-662-2256
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949-662-2256
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