3949 Dick Pond Rd Myrtle Beach, SC 29588-6800

Property Details for 3949 Dick Pond Rd

Year built

1996

Construction

STEEL FRAME

Lot size

1.62 lot acres

Property size

21,800 SF

Zone code

HC

Property type

Warehouses

Property subtype

Self storage facilities

APN

448-06-02-0022

APU

44806020022

Description

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.

Location Insight

City

Myrtle Beach

County

Horry

State

South Carolina

Longitude

-78.9958

Latitude

33.6621

CBSA code

34820

CBSA name

MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments