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    10133 N Kings Hwy Myrtle Beach, SC 29572

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    For Sale
    $3,610,461

    Long-term NNN lease with renewal options in Myrtle Beach, SC.

    Property size:
    6,734 SF
    Lot size:
    1.31 Acres

    Property Features for 10133 N Kings Hwy

    General Information

    Size
    6,734 SF
    Lot size
    1.31 Acres

    Source: NNN Pro Group Agent Glen Kunofsky

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hooters NNN Investment Opportunity

    This property features a long-term, 20-year absolute triple net (NNN) lease, with approximately 13.4 years remaining. The lease includes the lesser of a ten percent (10%) increase or 1.25 times the change in CPI, occurring every five (5) years and at each renewal option, starting in January 2033. The original lease commenced in 2013, demonstrating a long operating history. The tenant exercised their first renewal option early, showing a strong commitment to the site. There are three (3), five (5)-year tenant renewal options remaining, potentially extending the remaining lease term to over 28 years. The property is currently occupied by Hooters, ranked as the #1 location in the state of South Carolina on Placer.ai. The property size is 6,734 square feet and is located in Myrtle Beach, SC.
    Insight Report Location Intelligence

    Current Use by Public Records

    Hooters American Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Starbucks, The Library Restaurant, 88 Keys Piano Bar, Fiesta Mexicana, Carrabba's Italian Grill

    Location Insight

    • Map
    • Local Demand
    City
    Myrtle Beach
    County
    Horry
    State
    South Carolina
    Longitude
    -78.7682411
    Latitude
    33.7901213

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    FAQs

    What type of property is this?
    Bar - Long-term NNN lease with renewal options in Myrtle Beach, SC.
    Where is this bar located?
    The property is located at 10133 N Kings Hwy Myrtle Beach, SC.
    What is the asking price?
    The asking price for this property is $3,610,461.
    What are key features of this property?
    This property features: - Long-Term Absolute Triple Net (NNN) Lease with Approximately 13.4 Years Remaining.; - #1 Ranked Hooters in South Carolina (Placer.ai).; - Tenant Exercised First Renewal Option Early, Exhibiting Strong Commitment.
    (332) 345-2408
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    10133 N Kings Hwy Myrtle Beach, SC 29572
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    Myrtle Beach, SC 29572
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10133 N Kings Hwy Myrtle Beach, SC 29572
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