Dunkin Restaurant
3782 S Kings Hwy, Myrtle Beach, SC 29577
For Sale
New
$760,000
The planned restaurant is subject to a long-term absolute NNN ground lease with scheduled rent increases.
Property Size1,670 SF
Days on Market2
Property Features for 3782 S Kings Hwy
General Information
Standard status
Size
Property subtype
Additional Details
Traffic Count
Tenant in Place
Building Details
Building Size
Year Built
Listing Agency:
RealtyLink - Corporate
Listed By:
Tyson Glasser
(404) 435-6312
Source:
Trinity-partners
Added: Nov 8
Last Checked: Nov 8 at 4:13PM
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 RealtyLink - Corporate
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Investment Insights
Based on property information with market context.
A Dunkin restaurant is planned for ground-up construction, with completion scheduled for Q1 2027. The property is structured under a 20-year absolute NNN ground lease, followed by eight five-year renewal options. Rent increases by 9% every five years during both the initial term and renewal periods. Greylock Real Estate Partners, a Dunkin franchisee, operates 15 locations.
The site is an outparcel within a retail center that includes Food Lion, Anytime Fitness, and Big Air Trampoline Park. It fronts S Kings Hwy (US 17 Bus), a commercial corridor carrying 28,700 vehicles per day. Myrtle Beach International Airport is nearby, as is The Market Common, an entertainment district spanning 114 acres.
The site is an outparcel within a retail center that includes Food Lion, Anytime Fitness, and Big Air Trampoline Park. It fronts S Kings Hwy (US 17 Bus), a commercial corridor carrying 28,700 vehicles per day. Myrtle Beach International Airport is nearby, as is The Market Common, an entertainment district spanning 114 acres.
Key Highlights
- 20‑year absolute NNN ground lease
- Rent increases 9% every 5 years during the base term and renewal periods
- Eight renewal options, each for 5 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,550
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$551,000
$551.0K
Cap Rate 7%
$393,571
$393.6K
Cap Rate 9%
$306,111
$306.1K
Market Conditions
NOI Build-Up for 1,670 SF
Gross rent
$37.7K $22.56/SF
− Vacancy
−$942 −$0.56/SF
EGI
$36.7K $22.00/SF
− OpEx
−$9.2K −$5.50/SF
NOI
$27.5K $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 Rate 5%
$551,000
Cap Rate 7%
$393,571
Cap Rate 9%
$306,111
Alternative Uses
Best Use
Specialty Retail
$393.6K
$344.4K – $459.2K
NOI $27,550 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$423.2K
$370.3K – $493.8K
NOI $29,627 @ 7.0% cap · market cap 3.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
28,700 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
78k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 43%
Dining 28%
Shops & Services 24%
Beauty & Spa 4%
Walmart Neighborhood Market
Groceries
33,851 visits/mo
0.2 miles
Dollar Tree
Shops & Services
12,300 visits/mo
0.2 miles
Chili's Grill & Bar
Dining
9,341 visits/mo
0.3 miles
Wendy's
Dining
8,099 visits/mo
0.5 miles
BP
Shops & Services
6,496 visits/mo
0.4 miles
Demographics for 29577, SC
34,109
Population
22,630
Households
1.5
Avg Household Size
48
Median Age
30%
College-Educated
91%
High-School Grad
22.8 sq mi
ZIP Area
1,496
Density / Sq Mi
$48,561
Median Household Income
$33,591
Median Earnings
$1,130
Median Rent
$273,700
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
Frequently Asked Questions
What type of property is this?
NNN property - The planned restaurant is subject to a long-term absolute NNN ground lease with scheduled rent increases.
Where is this nnn property located?
The property is located at 3782 S Kings Hwy Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $760,000.
What are key features of this property?
This property features: 20‑year absolute NNN ground lease; Rent increases 9% every 5 years during the base term and renewal periods; Eight renewal options, each for 5 years
