Technical
Financial
Distress signals
Property profile

3379 Highway 9 E Little River, SC 29566

FOR LEASE
Strip malls
Property ID
US77-2101520
53,270 SF 5.8 ac lot Built 1991
Entity Owned 12-yr Hold Free & Clear
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Property summary

AI-generated overview

Waterway Plaza, located in the thriving Little River area of Horry County, South Carolina, offers a unique retail opportunity. This multi-tenant property boasts a total of 49,750 square feet, with one space currently available, ranging in size from 1 to 29,000 square feet. Situated on the Grand Strand, a 60-mile stretch of the Atlantic coast, Waterway Plaza benefits from consistently pleasant weather and a strong tourism base, particularly attracting golfers with access to over 100 championship courses nearby. The addition of Planet Fitness as a tenant will significantly increase foot traffic, complementing the existing loyal customer base, evidenced by an impressive 3.6 visit frequency. This presents a compelling investment opportunity for businesses seeking high visibility and a strong customer presence in a vibrant coastal community. The property's location within Little River ensures access to a substantial and consistent customer base, making it an ideal location for a variety of retail ventures. The flexible space options allow for businesses of various sizes to find a suitable fit within Waterway Plaza. This is a chance to establish a presence in a thriving retail environment with significant growth potential.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1991
Construction CONCRETE
Total area 53,270 SF
Lot 5.8 ac (252,648 SF)
APN 313-07-04-0055
UPID US77-2101520

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Big Box & Wholesale Store
  • Bank Credit Union
  • Atm Currency Exchange Service

Location

3379 Highway 9 E Little River, SC 29566
Little River metro Census 40103 MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$6.44M
Blend (final) Blend
$6.97M

Owner & transaction history

since 2013
5 recorded transactions
2022
Price N/A
2013
$1.6M
2013
$2.0M
2003
Price N/A
2003
$4.0M

Zoning & alternative use

Top alternative use upside
Retail stores $9.9M +38.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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