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Carolina Coastal Plastic Surgery 1275 21st Ave N

12,448 SF Office Building Myrtle Beach, SC 29577 $5,152,366 CAD ($414 CAD/SF) 7.75% Cap Rate

Medical Offices South Carolina Myrtle Beach 1275 21st Ave N, Myrtle Beach, SC 29577

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

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
12,448 SF
Building Class
B
Year Built
1994
Price
$5,152,366 CAD
Price Per SF
$414 CAD
Cap Rate
7.75%
NOI
$399,322 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
12,448 SF
Building FAR
0.15
Land Acres
1.86 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
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
  • $31.14 CAD
  • 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 $31.14 CAD Net Dec 2031

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PROPERTY TAXES

Parcel Number 42505030013 Improvements Assessment $104,130 CAD
Land Assessment $67,798 CAD Total Assessment $171,928 CAD

PROPERTY TAXES

Parcel Number
42505030013
Land Assessment
$67,798 CAD
Improvements Assessment
$104,130 CAD
Total Assessment
$171,928 CAD
(843) 212-9319

  • Listing ID: 31909007

  • Date on Market: 2024-05-24

  • Last Updated:

  • Address: 1275 21st Ave N, Myrtle Beach, SC 29577

The Office Property at 1275 21st Ave N, Myrtle Beach, SC 29577 is currently available For Sale. Contact Sands Investment Group for more information.

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Carolina Coastal Plastic Surgery | 1275 21st Ave N
(843) 212-9319 x

Carolina Coastal Plastic Surgery | 1275 21st Ave N

1/4

Andrew Gilbert

(843) 212-9319

(843) 212-9319

John Brown

(843) 620-7762

(843) 620-7762

Clifton McCrory

(540) 255-5496

(540) 255-5496

Chris Sands

(844) 474-4666

(844) 474-4666

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