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Hooters 10133 N Kings Hwy

6,734 SF Retail Building Myrtle Beach, SC 29572 £2,784,785 (£413.54/SF) 6.50% Net Initial Yield

INVESTMENT HIGHLIGHTS

  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease
  • The Lesser of Ten Percent (10%) or 1.25 Times Change In CPI Occurring Every Five (5) Years And Each Renewal Option Starting In January 2033
  • Approximately 13.4 Years Remaining

EXECUTIVE SUMMARY

NNN Pro Group is pleased to present the exclusive listing for a Hooters located at 10133 N Kings Highway in Myrtle Beach, SC. The site consists of roughly 6,734 rentable square feet of building space on estimated 1.61-acre parcel of land. This Hooters is subject to a 20-year absolute triple-net (NNN) lease, which commenced in 2013. The current annual rent is $234,680 and is scheduled to increase by the lesser of 10% or 1.25 times change in CPI every 5 years in each of the 3, 5-year renewal options remaining.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,734 SF
Building Class
C
Year Built/Renovated
1978/2014
Price
£2,784,785
Price Per SF
£413.54
Net Initial Yield
6.50%
NOI
£181,011
Tenancy
Single
Number of Floors
1
Building FAR
0.10
Lot Size
1.61 AC
Parking
80 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
330 ft on N Kings Hwy

AMENITIES

  • Pylon Sign
  • Restaurant
  • Signage
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10133 N Kings Hwy, Myrtle Beach, SC - AERIAL map view

NEARBY MAJOR RETAILERS

Hooters
Mcalister's Deli
Five Guys
Starbucks
Twin Peaks
The Bistro

PROPERTY TAXES

Parcel Number 39010020001 Improvements Assessment £16,929
Land Assessment £54,660 Total Assessment £71,589

PROPERTY TAXES

Parcel Number
39010020001
Land Assessment
£54,660
Improvements Assessment
£16,929
Total Assessment
£71,589
(332) 345-4222

CONTACTS

  • Listing ID: 32877498

  • Date on Market: 19/08/2024

  • Last Updated:

  • Address: 10133 N Kings Hwy, Myrtle Beach, SC 29572

The North Myrtle Beach Retail Property at 10133 N Kings Hwy, Myrtle Beach, SC 29572 is currently available. Contact NNN Pro Group for more information.

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10133 N Kings Hwy, Myrtle Beach, SC for sale Building Photo- Image 1 of 3
10133 N Kings Hwy - Myrtle Beach, SC - Main
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Hooters | 10133 N Kings Hwy
(332) 345-4222 x

Hooters | 10133 N Kings Hwy

1/4

Glen Kunofsky

(332) 345-4222

(332) 345-4222

Judson Kauffman

(332) 345-4202

(332) 345-4202

Hannan Ben Yosef

(332) 345-4384

(332) 345-4384

Matthew Sorace

(631) 599-9722

(631) 599-9722

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