3415 Us-17 Bus Murrells Inlet, SC 29576
- Retail properties
- 9,640 SF
- 0.93 lot acres
Current Use by Public Records
- Retail properties
Property Details for 3415 Us-17 Bus
- Year built
- 2005
- Lot size
- 0.93 lot acres
- Property size
- 9,640 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional Murrells Inlet, SC, investment opportunity presents a fully leased, free-standing restaurant building and land for sale. The property, located at 3415 US-17 BUS, boasts 9,640 total square feet, including 3,138 net rentable square feet, on a 0.93-acre lot. Built in 2005 and renovated in 2023, the two-story building features a Highway Commercial zoning designation and ample parking for 35 vehicles. Currently occupied by "Fire to Table" restaurant under a triple net (NNN) lease, the property offers a strong 6.96% cap rate with a substantial net operating income (NOI) of $88,680. The lease commenced November 15, 2023, and extends for a remaining term of nine years, expiring November 30, 2033. Rent is $7,000 per month, subject to annual increases based on CPI or 2%, whichever is lower. The tenant is responsible for property taxes ($14,776.99) and insurance (approximately $12,000). Key features include two full-service bars, indoor and outdoor seating, a raised outdoor band stage, and extensive porches and decks. The property also includes two large walk-in coolers, various refrigeration units, kitchen equipment (some tenant-owned), storage shelves, four HVAC units, and four restrooms. Additional amenities include a fire sprinkler system, handicap ramp, and signage. The property's prime location near a busy gas station and a new traffic corridor offers exceptional visibility and accessibility. The sale includes the land and building
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Murrells Inlet
- County
- Horry
- State
- South Carolina
- Longitude
- -79.0256
- Latitude
- 33.5748
