Investment Property for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30680037
Property Subtypes: Free-Standing Building, Restaurant, Other
Building Size (RSF): 1,620 SF
Gross Land Area: 0.86 Acres
Sale Price: $549,900
Unit Price: $339.44 PSF
Is Quick-Service Restaurant? Yes
Property Use Type: Net Leased Investment (NNN), Investment, Business
Usable Size (USF): 1,620 SF
Sale Terms: Cash to Seller
Cap Rate: 9.0%
Average Occupancy Rate: 100
Last Updated: 1/11/2021

Overview / Comments

Great Opportunity! Fully Leased Restaurant and 28 Mini-Storage units located on the same property. This Multi-Use Commercial Property includes a 1650 sf Restaurant with all of the Equipment and Fixtures. There are 21 months left on the lease, The mini-storage units are self-service and are completely rented as well. This property brings in just over $4600 per month. The property is a few blocks from the Intercoastal Waterway! Don't wait too long!!

Additional Details

Nearest MSA: Myrtle Beach-Conway-North Myrtle Beach
County: Brunswick
Tax ID/APN: 106511753250
Zoning: C3
Retail Clientele: General, Business
Property Visibility: Good
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Good
Year Built: 1988
Year Renovated: 2018
Roof Type: Gable
Construction/Siding: Wood Frame
Water Service: Municipal
Sewer Type: Municipal
Legal Description: L-112.93'FF PLAT S/178

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 915 7,688 14,372
Median Age: 50.56 49.19 52.83
Households: 415 3,404 6,632

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