109 W Perry Rd Myrtle Beach, SC 29579
Retail property in Myrtle Beach with long-term tenant.
Property size:
10,100 SFLot size:
1.40 AcresProperty Features for 109 W Perry Rd
General Information
- Size
- 10,100 SF
- Lot size
- 1.40 Acres
Source:
Moodyscre
Listing Agent: Max Freedman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Myrtle Beach Childcare Investment Property
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.
Location Intelligence
Current Use by Public Records
Cadence Academy Preschool
Day Care Center
Location Insight
- Map
- Local Demand
- City
- Myrtle Beach
- County
- Horry
- State
- South Carolina
- Longitude
- -78.9687937
- Latitude
- 33.7563432
Nearby Similar for Sale
FAQs
What type of property is this?
Storefront property - Retail property in Myrtle Beach with long-term tenant.
Where is this storefront property located?
The property is located at 109 W Perry Rd Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $3,240,208.
What are key features of this property?
This property features: - 11+ years remaining on initial term with favorable 2% annual rent escalators.; - Cadence Education, one of the largest private childcare providers in the United States with 30+ years of operating history and more than 300 locations, is the tenant.; - Tenant paying $21.49/SF with no renewal options at end of term.