1102 Kings Hwy Myrtle Beach, SC 29577

This exceptional 10,700 square foot shopping center in Myrtle Beach, South Carolina, presents a compelling investment opportunity. Located at 1102 S Kings Hwy, this multi-tenant property boasts 100% occupancy and a strong net operating income (NOI) of $116,150, yielding a 7.25% cap rate. Built in 1986, the center features a nationally top-performing Papa John's restaurant, consistently ranking in the top 91st percentile nationally and 95th percentile statewide, ensuring stable income. The property benefits from its prime location on a major Myrtle Beach thoroughfare, less than 10 minutes from The Market Commons, and surrounded by a dense residential population including single-family homes, multifamily residences, and condos. Myrtle Beach's thriving tourism industry, attracting over 20 million visitors annually, further enhances the property's value. An added advantage is a four-bedroom, three-bathroom residential unit above the shopping center, currently leased month-to-month, offering potential for rental income growth. The tenant mix is resistant to online competition, focusing on service and restaurant businesses. This irreplaceable beach real estate presents a rare chance to acquire a high-performing, well-located shopping center with significant upside potential. The asking price is $1,600,000, translating to $149.53 per square foot.