Carolina Coastal Plastic Surgery | 1275 21st Ave N
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Carolina Coastal Plastic Surgery 1275 21st Ave N
12,448 SF Office Building Myrtle Beach, SC 29577 £2,897,757 (£233/SF) 7.75% Net Initial Yield
Investment Highlights
- This Opportunity Encompasses an Absolute NNN Lease, Featuring a Tenant With a Longstanding Occupancy of the Property Since 1994
- The Property Sits on a 1.86 AC Lot Located on 21st Ave N, Which Sees Over 20,000 VPD, and is Within Minutes From the Myrtle Beach
- Nearby Tenants Include; Lowe's, T.J. Maxx, Target, Sam's Club, Chick-fil-A, Sonic Drive-In, Bojangles, Wendy's and Topgolf
- The Subject Property is Adjacent to Broadway at the Beach, One of the Most Visited Tourist Attractions in South Carolina
- The Tenant Has Recently Extended Their Lease Early, Demonstrating Their Strong Commitment to the Site
- The Tenant Has Recently Invested Over $250,000 in Capital Improvements, Emphasizing Their Commitment to the Site
Executive Summary
Sands Investment Group is Pleased to Present an Exclusive Opportunity to Acquire a 12,448 SF Carolina Coastal Plastic Surgery Facility. Strategically Located at 1275 21st Avenue North in Myrtle Beach, SC, This Property is Situated Adjacent to Broadway at the Beach. This Investment Offering Features an Absolute Triple Net (NNN) Lease With a Long-Term Tenant Who Has Occupied the Property Since 1994. The Tenant's Longstanding Presence Underscores Their Commitment to the Property, Ensuring a Secure Investment With Zero Landlord Responsibilities.
In Cooperation With Sands Investment Group Charleston, LLC - Lic. #20891 BoR: Chris Sands - Lic. SC #93103
In Cooperation With Sands Investment Group Charleston, LLC - Lic. #20891 BoR: Chris Sands - Lic. SC #93103
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
12,448 SF
Building Class
B
Year Built
1994
Price
£2,897,757
Price Per SF
£233
Net Initial Yield
7.75%
NOI
£224,584
Tenancy
Single
Number of Floors
1
Typical Floor Size
12,448 SF
Building FAR
0.15
Land Acres
1.86 AC
Opportunity Zone
Yes
Zoning
GC - General Commercial
Parking
50 Spaces (4.02 Spaces per 1,000 SF Leased)
Amenities
- Signage
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Carolina Coastal Plastic Surgery
- Health Care and Social Assistance
- 12,448 SF
- £17.51
- Triple Net
- Dec 2031
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Carolina Coastal Plastic Surgery | Health Care and Social Assistance | 12,448 SF | £17.51 | Triple Net | Dec 2031 |
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Bike Score ®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 42505030013 | Improvements Assessment | £58,985 |
| Land Assessment | £38,405 | Total Assessment | £97,390 |
PROPERTY TAXES
Parcel Number
42505030013
Land Assessment
£38,405
Improvements Assessment
£58,985
Total Assessment
£97,390
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Andrew Gilbert -
John Brown -
Clifton McCrory -
Chris Sands -
Sands Investment Group
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Carolina Coastal Plastic Surgery | 1275 21st Ave N
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