740-794 Oak Forest Ln, Myrtle Beach, SC 29577
20,908 SF | Retail Building | Myrtle Beach, SC 29577 | $8,750,000 ($419/SF)
For Sale
Active
Asking Price $8,750,000
- Property Type
-
Retail, Specialty
- Square Feet
- 20,908 SF
- Price / Square Foot
- $419
Listing Contacts
Jordan Gomez
Daniel Hoogesteger
- Property Info
Property Overview
Sands Investment Group is Pleased to Exclusively Offer For Sale 501 Village, a 20,908 SF Fully Occupied, Daily Needs Retail Center With a Developable Lot Shadow Anchored By the State's Most Visited Walmart Supercenter (Ranked #1 Out of 82 Stores According to Placer.ai) Located in Myrtle Beach, South Carolina. 501 Village is an Exceptional Opportunity For an Investor to Acquire an Internet Resistant, Daily Needs Retail Center With Immediate Upside That Already Offers a Steady and Secure Income Stream With Attractive Income Growth From Fixed Rental Increases and is Located Inside a Major Regional Shopping Hub Within the Myrtle Beach Area, Recognized as the Top Tourism Destination in the Southeast Coast With More Than 19 Million Annual Visitors.
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 Details
- Year Built
- 2006
- Stories
- 1
- Lot Size (sq. ft)
- 212,573 SF
Highlights
- 501 Village is Centrally Located Next to Walmart, Costco and Home Depot at the High-Traffic Interchange of Hwy 501
- The Property Features a 20,908 Square Foot Daily Needs Retail Center That is Fully Leased, Providing Steady Income
- 501 Village Benefits From Being Shadow Anchored By the #1 Most Visited Walmart Supercenter in South Carolina
- Strategically Located Next to the Coastal Grand Mall, a 1,037,499 SF Regional Mall That Features Two Open-Air Centers
- The Center Features Six Food and Service-Oriented Tenants on Long-Term NNN Leases With a Weighted Average Lease Term
- 71% of the GLA Has Been Successfully Occupied By Tenants Operating at This Location For an Average of 15 Years
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