11860 Sc-707 Murrells Inlet, SC 29576
- Retail properties
- 2,530 SF
- 0.94 lot acres
Current Use by Public Records
- Retail properties
Property Details for 11860 Sc-707
- Year built
- 2024
- Lot size
- 0.94 lot acres
- Property size
- 2,530 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a triple-net (NNN) leased retail property totaling 2,530 square feet, situated on a 0.938-acre lot in Murrells Inlet, South Carolina. The property, built in 2024, boasts 100% occupancy with a strong tenant lineup including Starbucks, Dunkin', and Dutch Bros. Coffee. Each tenant benefits from a corporate guarantee, ensuring financial stability. The current lease, commencing February 25, 2025, and expiring February 24, 2035, includes a 10% rent increase every five years, providing significant long-term growth potential. The property generates a substantial net operating income (NOI) of $183,000, resulting in an attractive 6.25% capitalization rate. Strategically located on Highway 707, a high-traffic corridor with over 22,500 vehicles per day, the property enjoys exceptional visibility and accessibility. Its location within the Myrtle Beach MSA, a major tourism hub attracting nearly 17 million visitors annually, ensures a robust and consistent customer base. The property's proximity to other established businesses, including Publix, Dunkin' Donuts, Bojangles, Zaxby's, and CVS, further enhances its appeal and visibility. This passive ownership opportunity requires minimal landlord responsibilities, as the tenant is responsible for all taxes, common area maintenance (CAM), and insurance. With four, five-year lease options, this investment offers exceptional long-term value and stability in a prime South Carolina location.
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
- -79.0483
- Latitude
- 33.5821
