740-794 Oak Forest Ln Myrtle Beach, SC 29577

This 20,908 square foot retail center is fully occupied and shadow-anchored by the state’s most visited Walmart Supercenter. The property is located in Myrtle Beach, South Carolina, a top tourism destination with over 19 million annual visitors. Situated at the high-traffic interchange of Highway 501 (65,844 VPD) and Highway 17 (44,739 VPD), the location is near Walmart, Costco, and Home Depot, and just 2.1 miles from Myrtle Beach’s Ocean Boulevard. The property is strategically located next to the Coastal Grand Mall, a 1,037,499 square foot regional mall. The center features six food and service-oriented tenants on long-term NNN leases with a weighted average lease term (WALT) of 5.28 years. 71% of the GLA has been successfully occupied by tenants operating at this location for an average of 15 years. The property includes a developable 2.50 acre lot. The center offers fixed annual contractual rent increases across the tenant roster, and provides a secure income stream from an internet-resistant, daily needs tenant line-up. One tenant occupies 19% of the total GLA and is paying below market rent, providing near term upside for a prospective investor upon lease expiration.