109 W Perry Rd Myrtle Beach, SC 29579

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.