The Offices & Shoppes at Waterford

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30783842
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail
Building Status: Under Construction
Building Size (RSF): 37,870 SF
Sale Price: $250 PSF
Total Price: $9,467,500
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Building Name: The Shoppes and Offices at Waterford
Usable Size (USF): 33,295 SF
Core Factor: 13.74%
Sale Terms: Cash to Seller, Build-to-Suit, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 5/18/2022

Overview / Comments

THE OFFICES & SHOPPES at WATERFORD, Office and Select Retail Condo’ d Mixed-Use Development. This new development is conveniently located on Olde Regent Way in the Waterford area of Leland. The two buildings are comprised of 37,870 +/- rsf, spread over three floors with 12,300 + rsf floor plates each. The first floor is perfectly designed for select retail to take advantage of the high traffic counts and visibility from US Hwy 17 has to offer along with huge amounts of residential density surrounding the property. The 2nd and 3rd floors are designed for Class A office space, with common area restrooms, one 3,500 lb traction elevator, and a multitude of windows for natural light. Suite sizes range from 2,000 usf up to 13,126 rsf and based on the tenant’s needs, exterior building signage is available depending on the size of the suite and per local governmental codes. Parking ratios for the development will be more than 4 spaces per 1,000 usf (subject to change depending on final plan approval). The estimated completion date for the shell of the building is estimated to be 2nd quarter 2023 and suites will be delivered in a cold dark shell format. Offering prices starting at $250/rsf.

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Additional Details

Nearest MSA: Myrtle Beach-Conway-North Myrtle Beach
County: Brunswick
Taxing Authority: Town of Leland
Tax ID/APN: 0470003807
Zoning: C2
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Visibility: Excellent
Largest Nearby Street: Hwy 17 South
Feet of Frontage: 543
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 12,935 SF
Property Condition: Excellent
Year Built: 2022
Roof Type: Flat
Total Parking Spaces: 336
Parking Type: Surface
Passenger Elevators: 1
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Gigabit
Interior Description: delivered as a cold dark shell
Zoning Description: C2 in the town of Leland
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,123 13,454 47,865
Median Age: 44.03 39.68 38.54
Households: 1,817 5,592 20,395
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