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Views: 217 DOM: 110 Updated: 11.01.24 Posted: 08.15.24 Status: Active

Summary

Price $3,700,000
Built/Renov 1994
Tenant Carolina Coastal Plastic Surgery
Cap Rate 7.46%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 12,448
Lease Start 02-26-2021
#Units 1
Price/SF $297.24
Expiration 12-31-2031
Tenant Type Medical/Health
NOI $276,000
R. Term 7.0
Ownership Fee Simple
Rent/SF $22.17
Increases 3.0%/1/yrs
Pop 5Mi 85,129
Lot/AC 1.86
Options 2/5yrs/3%
AHHI 5Mi $80,285

Lease Highlights

  • Carolina Coastal Plastic Surgery has been operating in this location for 30 years
  • The tenant has 7+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 3% annual rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Carolina Coastal Plastic Surgery is strategically located on 21st Avenue, with access to 21,416 vehicles passing by daily. The property is adjacent to Broadway at the Beach, one of South Carolina’s most visited tourist destinations, attracting over 14 million visitors annually. Additionally, it is just minutes from Myrtle Beach Boardwalk, Myrtle Beach Convention Center, and Pelicans Ballpark....

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Carolina Coastal Plastic Surgery & Medical Spa is a full service state of the art plastic surgery facility offering a wide variety of procedures including breast augmentation, facial...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 6,612 40,221 96,552
2024 Total Population : 6,103 36,205 87,575
2024 Employed Civilian Pop : 3,177 18,857 43,074
2024 Total Businesses : 680 3,057 4,571
2024 Average Household Income : $ 62,421 $ 80,606 $ 90,976
2024 Total Consumer Spending : $ 133 M $ 1134 M $ 3022 M
2024 Median Age : 37 43 44
2024 Total Households : 2,396 15,847 37,678
2024 Pop Age 25+: Bachelor's Degree : 483 5,371 14,303
2024 Average Home Value : $ 350,398 $ 405,494 $ 404,435
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Robert M Grissom Pkwy Corporate Centre Dr 2010 15,100 0.33 mi
Robert M. Grissom Parkway Robert M Grissom Pkwy 2021 16,700 0.40 mi
S- 241 (21ST AVE N) TO S- 1100 (29TH AVE N) Burroughs & Chapin Blvd 2021 19,400 0.55 mi
Mark Garner Highway Commons Ave 2022 44,500 0.59 mi
Robert M Grissom Pkwy Burroughs & Chapin Blvd 2019 19,200 0.59 mi
29th Ave N Resort Dr 2010 9,400 0.62 mi
17 Byp Hwy Commons Ave 2010 44,700 0.62 mi
29th Avenue North Resort Dr 2022 9,000 0.63 mi
21st Avenue North Carver St 2022 13,600 0.68 mi
Mr. Joe White Avenue Lumber St 2022 16,200 0.88 mi

Listing Broker

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