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Myrtle Beach Childcare Investment Property

109 W Perry Rd, Myrtle Beach, SC

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For Sale

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Retail property in Myrtle Beach with long-term tenant.

Type:RETAIL

Property size:

10,100 SF

Lot size:

1.40 Acres

Price / SF:

$320/SF

HighLights

11+ years remaining on initial term with favorable 2% annual rent escalators.
Cadence Education, one of the largest private childcare providers in the United States with 30+ years of operating history and more than 300 locations, is the tenant.
Tenant paying $21.49/SF with no renewal options at end of term.
Located less than 8‑miles from Myrtle Beach International Airport, this center has high visibility from Highway 501.
Myrtle Beach is one of the fastest‑growing areas in the state; its population has steadily increased since 2010 – 32% compared to 12% for South Carolina as a whole.
Tourism continues to foster significant economic benefit for the Myrtle Beach; tourism accounts for a $7 billion total economic impact and another $2.2 billion in labor impact supporting more than 80,000 jobs throughout the Grand Strand.

We can help!

Listing Contact

Max Freedman

For Sale

Contact for pricing

Retail property in Myrtle Beach with long-term tenant.

Type:RETAIL

Property size:

10,100 SF

Lot size:

1.40 Acres

Price / SF:

$320/SF

Added:: Nov 9, 2024
Days on Market:: 583
Last Refresh:: May 20 at 9:16 pm

Property Features for 109 W Perry Rd

General Information

Standard status: Active
Size: 10,100 SF
Lot size: 1.40 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Max Freedman

Listing agent Max Freedman License #TX 644481

Listing office Sands Investment Group (SIG) | Fort Lauderdale

Listing date Nov 9, 2024

Source Moodyscre

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 Sands Investment Group (SIG) | Fort Lauderdale

HighLights

11+ years remaining on initial term with favorable 2% annual rent escalators.
Cadence Education, one of the largest private childcare providers in the United States with 30+ years of operating history and more than 300 locations, is the tenant.
Tenant paying $21.49/SF with no renewal options at end of term.
Located less than 8‑miles from Myrtle Beach International Airport, this center has high visibility from Highway 501.
Myrtle Beach is one of the fastest‑growing areas in the state; its population has steadily increased since 2010 – 32% compared to 12% for South Carolina as a whole.
Tourism continues to foster significant economic benefit for the Myrtle Beach; tourism accounts for a $7 billion total economic impact and another $2.2 billion in labor impact supporting more than 80,000 jobs throughout the Grand Strand.

Overview

This retail property is located less than 8 miles from Myrtle Beach International Airport and has high visibility from Highway 501. Nearby retailers include Tanger Outlets, Publix Supermarket, Kroger, Costco, Walmart Supercenter, Lowe’s, Starbucks and Dunkin’. Nearby feeder elementary schools include Carolina Forest, Forestbrook and River Oaks. The property is currently leased to Cadence Education, one of the largest private childcare providers in the United States with over 30 years of operating history and more than 300 locations. The tenant is paying $21.49 per square foot. There are over 11 years remaining on the initial term with favorable 2% annual rent escalators. The tenant has no renewal options at the end of the term. Myrtle Beach is at the heart of South Carolina’s Grand Strand Coast, a 60-mile stretch of beach. Tourism continues to foster significant economic benefit for Myrtle Beach, accounting for a $7 billion total economic impact and another $2.2 billion in labor impact supporting more than 80,000 jobs throughout the Grand Strand. Myrtle Beach is one of the fastest-growing areas in the state; its population has steadily increased since 2010, showing a 32% increase compared to 12% for South Carolina as a whole. The property is 10100 square feet.

Property Profile Location Intelligence

Current Use by Public Records

Cadence Academy Preschool Daycare Center

Suggested Use

Location Insight

Map
Local Demand

City: Myrtle Beach
County: Horry
State: South Carolina
Longitude: -78.9688
Latitude: 33.7563

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What type of property is this?

Storefront property - Retail property in Myrtle Beach with long-term tenant.

Where is this storefront property located?

The property is located at 109 W Perry Rd Myrtle Beach, SC.

What is the asking price?

The asking price for this property is $3,240,208.

What are key features of this property?

This property features: 11+ years remaining on initial term with favorable 2% annual rent escalators.; Cadence Education, one of the largest private childcare providers in the United States with 30+ years of operating history and more than 300 locations, is the tenant.; Tenant paying $21.49/SF with no renewal options at end of term.

109 W Perry Rd, Myrtle Beach, SC

Retail property in Myrtle Beach with long-term tenant.

Property Features for 109 W Perry Rd

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Well-Maintained Office Building in Myrtle Beach

Commercial Property in Myrtle Beach

Two-Story Office Building in Myrtle Beach

Myrtle Beach Office Building Investment

Myrtle Beach Professional Office Park

Turnkey Myrtle Beach Restaurant Opportunity

12-Unit Apartment Building

Myrtle Beach Multifamily Investment

Renovated Townhouse-Style Condo Package

Two-Story Office Building

Four-Unit Duplex Property

Turnkey Boutique Coastal Apartment Building

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