Restaurant and Retail
For Sale
$1,750,000
10435 N Kings Hwy., Myrtle Beach, SC 29572
High-visibility restaurant and retail space with walk-in refrigeration, hooded cooking support, and ample on-site parking.
Property Size6,363 SF
Price / SF$275.03
Days on Market97
Property Features for 10435 N Kings Hwy.
General Information
Standard status
Active
Size
6,363 SF
Total Parking Spaces
70
Zoning
highway commercial
Additional Details
Business Included
Yes
Commercial Hood
Yes
Listing Agency:
Fidei Real Estate Int'l
Listed By:
Yana Lynch · License #72550
(843) 424-6068
Source:
Edgarwilson
Added: Jun 9
Changed: Sep 9
Last Checked: Sep 12 at 5:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fidei Real Estate Int'l
Investment Insights
Based on property information with market context.
This property is a combined restaurant and retail building offering a prepared food-service setup, including two walk-in coolers and walk-in freezers, along with 2 hoods. The space is well suited for food-focused concepts that need built-in refrigeration and ventilation support within the existing improvements.
Located at 10435 N Kings Hwy in the Briarcliff area of Myrtle Beach, SC, the site is described as being in a fast-growing area with high road visibility. The offering includes an estimated 166 feet of road frontage and 70 parking spaces, supporting convenient customer access.
For prospective owners, the existing restaurant infrastructure can help support operation as a restaurant or similar food service use. The property is also described as fitting for a medical facility or coffee shop, with the site identified as zoned highway commercial. For buyers evaluating mixed-use or conversion potential, the combination of frontage, parking, and food-service improvements is a practical starting point.
Located at 10435 N Kings Hwy in the Briarcliff area of Myrtle Beach, SC, the site is described as being in a fast-growing area with high road visibility. The offering includes an estimated 166 feet of road frontage and 70 parking spaces, supporting convenient customer access.
For prospective owners, the existing restaurant infrastructure can help support operation as a restaurant or similar food service use. The property is also described as fitting for a medical facility or coffee shop, with the site identified as zoned highway commercial. For buyers evaluating mixed-use or conversion potential, the combination of frontage, parking, and food-service improvements is a practical starting point.
Key Highlights
- 6,364 SF restaurant/retail space in the Briarcliff area
- 166 ft estimated road frontage with high road visibility
- Restaurant features include two walk‑in coolers and walk‑in freezers
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$104,970
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,099,400
$2.1M
Cap Rate 7%
$1,499,571
$1.5M
Cap Rate 9%
$1,166,333
$1.2M
Market Conditions
NOI Build-Up for 6,363 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$143.5K $22.56/SF
− Vacancy
−$3.6K −$0.56/SF
EGI
$140.0K $22.00/SF
− OpEx
−$35.0K −$5.50/SF
NOI
$105.0K $16.50/SF
Area
Horry County, SC
Vacancy
2.50%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,099,400
Cap Rate 7%
$1,499,571
Cap Rate 9%
$1,166,333
Alternative Uses
Best Use
Specialty Retail
$1.50M
$1.31M – $1.75M
NOI $104,970 @ 7.0% cap · market cap 6.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,885 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
315
Businesses Nearby
5k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 100%
Courtyard Myrtle Beach Barefoot Landing
Hotels & Casinos
2,916 visits/mo
0.2 miles
Fairfield Inn Myrtle Beach North
Hotels & Casinos
2,311 visits/mo
0.5 miles
Demographics for 29572, SC
10,711
Population
14,313
Households
0.7
Avg Household Size
57
Median Age
43%
College-Educated
95%
High-School Grad
8.9 sq mi
ZIP Area
1,203
Density / Sq Mi
$75,388
Median Household Income
$36,121
Median Earnings
$1,148
Median Rent
$385,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - High-visibility restaurant and retail space with walk-in refrigeration, hooded cooking support, and ample on-site parking.
Where is this conventional restaurant located?
The property is located at 10435 N Kings Hwy. Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 6,364 SF restaurant/retail space in the Briarcliff area; 166 ft estimated road frontage with high road visibility; Restaurant features include two walk‑in coolers and walk‑in freezers
