4401 N Kings Hwy - Restaurant FOR SALE
Myrtle Beach, SC 29577 |
$2,212,063 USD
866-889-0550
4401 N Kings Hwy
Myrtle Beach, SC 29577
HIGHLIGHTS
- Passive Investment Opportunity – ±9.75 years remaining on an initial 20 year Absolute NNN Lease.
- National Tenant – Founded in 1975, Chili’s has since grown to 1600+ locations in 49 states and 30 countries
- Absolute NNN Lease with Minimal landlord Responsibilities – Tenant is responsible for maintaining Roof, Structure, and parking lot.
- Recent Extension of Term – The tenant exercised an early lease extension, demonstrating their commitment to this location and market.
- Naked Lease – Flexibility to repurpose the property and potentially increase rents
- High Traffic Count – Traffic counts on N Kings Hwy exceed ±25,800 VPD
FOR SALE DETAILS
PRICE
$2,212,063 USD
PRICE/SF
$509 USD /SF
CAP RATE
6.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Chili's
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1995
SPRINKLERS
-
PARKING SPACES
94
LAND DETAILS
LAND ACRES
1.17 AC
LAND SF
50,965 SF
ZONING
None
APN/PARCEL ID
42301040049
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