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38TH Avenue Plaza-Myrtle Beach, SC-For Sale-OPEN TO ALL OFFERS

Overview

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Ad number:#689014804
Contact:April Logan-Director Of Marketing
Phone:843-626-3400
City:Myrtle Beach
Zip:29577
Price:OPEN TO ALL OFFERS
Square ft:7100
Beds:N/A
Baths:N/A

Description

OPEN TO ALL OFFERS

RECEIVING ALL OFFERS UP TO THE END OF THE BUSINESS DAY AT 5:00 PM EST 07-02-2020

OFFERED FOR SALE: Located between the Retail Community and the Professional Finance District of Oleander Drive, Myrtle Beach, SC. With high visibility from Highway 17 Bypass, the property is surrounded by Golf Courses, Shopping Centers, Entertainment, and Professional Office Parks.

REAL ESTATE:
Approximately 1.27 Acres, Leasehold Interest in the Land
Outparcel of Food Lion Anchored Center, Plantation Point
Accessed by Interior Loop Road to Shopping Center
Excellent Visibility and 180' Frontage on U.S. Highway 17 Bypass
Other Outparcels include CVS, McDonalds, Zaxby's
Identified as PIN #42015030005, City of Myrtle Beach, County of Horry, SC
Zoned: Highway Commercial (HC1), City of Myrtle Beach, SC.
Annual Real Estate Taxes 2019: $23,726, City of Myrtle Beach, County of Horry, SC. (passed through to tenants)
Average Daily Traffic Count-41,200 (Source: SCDOT 2019)

IMPROVEMENTS:
Approximately 7,100 SF Retail Building on Slab
Three Tenant Building, with Double Storefronts
Brick & Stucco Finishes, with Decorative Awnings

MASTER GROUND LEASE:
Primary Term of Twenty Five (25) Years, Initial Date 2006
Four (4) Renewal Options of Five (05) Years Each
Current Rate of Seventy Five Thousand Two Hundred Sixty Four Dollars ($75,264)
Base Rent Escalations of Twelve Percent (12%) every Five (05) Year

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