740-794 Oak Forest Ln Myrtle Beach, SC
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20,908 SF retail center with development opportunity in Myrtle Beach.
Type:RETAIL
Property size:
20,908 SFLot size:
4.27 AcresPrice / SF:
$377/SF- Added:
- Apr 8, 2025
- Days on Market:
- 388
- Last Refresh:
- Apr 5 at 9:50 pm
Property Features for 740-794 Oak Forest Ln
General Information
- Standard status
- Active
- Size
- 20,908 SF
- Lot size
- 4.27 Acres
- Property subtype
- RETAIL
Listing agent Daniel Hoogesteger (310) 853-1419
Listing office Sands Investment Group (SIG) | Fort Lauderdale (310) 853-1419
Listing date Apr 8, 2025
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
Overview
Fully Occupied Myrtle Beach Retail
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.
Location Intelligence
Current Use by Public Records
Shopping centers
Similar Places Nearby
- Sunglass Hut — 2000 Coastal Grand Cir Spc C330, Myrtle Beach, SC 29577
- Coastal Grand Mall — 2000 Coastal Grand Cir, Myrtle Beach, SC 29577
- Pine Island Point — US-17, Myrtle Beach, SC 29577
- Almacén ABC — 1415 Cannon Rd, Myrtle Beach, SC 29577
- Gumm Plaza — 1500 US-501, Myrtle Beach, SC 29577
Location Insight
- Map
- Local Demand
- City
- Myrtle Beach
- County
- Horry
- State
- South Carolina
- Longitude
- -78.9097
- Latitude
- 33.7042
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - 20,908 SF retail center with development opportunity in Myrtle Beach.
Where is this shopping center located?
The property is located at 740-794 Oak Forest Ln Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $7,900,000.
What are key features of this property?
This property features: Shadow‑anchored by the #1 most visited Walmart Supercenter in South Carolina (3.9M visits/year), driving significant customer traffic.; Located in a dominant retail hub next to Coastal Grand Mall and other major retailers like Costco and Home Depot.; Fully occupied retail center with a strong tenant mix of internet‑resistant, daily needs businesses on long‑term NNN leases (5.28 year WALT).
