1578 Dividend Loop Myrtle Beach, SC 29577-1874

Property Details for 1578 Dividend Loop

Year built

2009

Construction

CONCRETE

Lot size

1.35 lot acres

Property size

12,920 SF

Property type

Warehouses

APN

442-04-04-0016

APU

44204040016

Description

This exceptional 12,920-square-foot warehouse facility in Myrtle Beach, South Carolina, presents a compelling investment opportunity. Built in 2009, the single-story building sits on a 1.35-acre lot and is zoned for Limited Manufacturing (LM). Currently leased to a BBB+ Investment Grade Corporate Tenant, Johnson Controls Inc., the property boasts a strong lease history since its construction. The tenant occupies the entire space, providing a stable income stream. Located in the thriving North Industrial Park, this property benefits from its proximity to key transportation arteries, including Myrtle Beach International Airport (less than one mile away), and major retail destinations like Coastal Grand Mall (under a mile). The strategic location also offers easy access to the Atlantic Ocean resorts and tourist attractions (two miles). The North Industrial Park is a well-established business hub, home to numerous national and regional companies. Myrtle Beach's rapid growth, ranked 5th fastest-growing metro area in the US in 2020, further enhances the investment potential of this property. The asking price is $2,675,000, with a current base rent of $175,468, subject to 3% annual increases. This is a single-tenant, Net-Net-Net (NNN) lease. The property's APN is 44204040016. This is a rare opportunity to acquire a high-quality industrial asset in a rapidly expanding market.