1275 21st N Ave Myrtle Beach, SC 29577-7514
This exceptional investment opportunity presents a 12,448 square foot medical office building in Myrtle Beach, South Carolina. The property is situated on a 1.86-acre lot at 1275 21st Avenue North, enjoying high visibility with over 20,000 vehicles passing daily. The building is 100% occupied by Carolina Coastal Plastic Surgery, a well-established tenant operating since 1994, under an absolute triple-net (NNN) lease with 7.1 years remaining. The tenant recently invested over $250,000 in capital improvements and recently extended their lease, demonstrating a strong commitment to the location. The lease features 3% annual rent bumps and two five-year renewal options, extending the lease to December 31, 2031. This prime location is adjacent to Broadway at the Beach, a major tourist attraction drawing over 14 million visitors annually, and is minutes from the beach, Myrtle Beach Boardwalk, Convention Center, and Pelicans Ballpark. The property benefits from strong co-tenancy with national retailers including Lowe's, T.J. Maxx, Target, Sam's Club, Chick-fil-A, Sonic, Bojangles, Wendy's, and Topgolf. The tenant, Carolina Coastal Plastic Surgery Center, is a certified ambulatory surgery center specializing in plastic surgery, led by a highly regarded surgeon. This presents a secure, passive income investment with significant upside potential in a thriving coastal market. The property's strategic location and long-term lease make it an attractive opportunity for discerning investors seeking a stable, high-performing asset.
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Rhinoplasty Medical Clinic
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Dr. Steven K. White, MD Physician Medical Clinic
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Myrtle Beach Dermatology Physician Medical Clinic
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Richard Hussey, MD Physician Medical Clinic
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Carolina Coastal Plastic Surgery & Medical Spa Physician Medical Clinic
ct Conservation LM Light Manufacturing District Industrial C-6 Urban Village District Mixed-use MP Medical/Professional District Commercial MU-M Mixed Use, Medium Density Mixed-use MU-H Mixed Use, High Density Mixed-use PUD Planned Unit Development Other PRC Parks, Recreation and Conservation District Conservation RDZ Redevelopment District Zone Floating WM…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
PUD · Myrtle Beach, SCct Conservation LM Light Manufacturing District Industrial C-6 Urban Village District Mixed-use MP Medical/Professional District Commercial MU-M Mixed Use, Medium Density Mixed-use MU-H Mixed Use, High Density Mixed-use PUD Planned Unit Development Other PRC Parks, Recreation and Conservation District Conservation RDZ Redevelopment District Zone Floating WM Wholesale/Manufacturing District Industrial 1402.A C-6 Urban Village District. The
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.