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Views: 192 DOM: 34 Updated: 09.12.24 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 7.3
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 escalations 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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Listing Broker

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