3949 Dick Pond Rd Myrtle Beach, SC 29588-6800

This exceptional investment opportunity presents a fee-simple ownership of two buildings totaling 10,000 square feet, situated on a 0.4-acre lot at 3949 and 3951 Dick Pond Rd, Myrtle Beach, SC 29588. The property boasts a brand-new, 15-year NNN lease with Destination Pet, a leading national pet healthcare provider with over 180 locations. The lease includes a corporate guarantee and attractive 2% annual rent bumps, ensuring consistent cash flow growth. Built in 1998, this property benefits from a 7.00% cap rate and a $2,664,657 asking price, translating to $266.47 per square foot. The property enjoys 100% occupancy and is strategically located along Hwy 544, a high-traffic area with excellent visibility, benefiting from Myrtle Beach's robust tourism and population growth. The location's proximity to Myrtle Beach International Airport further enhances its appeal. The lease offers three, five-year extension options, providing long-term stability and security for the investor. This recession-resistant investment is further strengthened by the projected growth of the global pet services market, expected to reach $142 billion by 2025. The property's prime location and strong tenant provide a compelling investment opportunity with significant long-term potential.