This exceptional investment opportunity presents a 12,448 square foot medical office building in Myrtle Beach, South Carolina. The property is situated on a 1.86-acre lot at 1275 21st Avenue North, enjoying high visibility with over 20,000 vehicles passing daily. The building is 100% occupied by Carolina Coastal Plastic Surgery, a well-established tenant operating since 1994, under an absolute triple-net (NNN) lease with 7.1 years remaining. The tenant recently invested over $250,000 in capital improvements and recently extended their lease, demonstrating a strong commitment to the location. The lease features 3% annual rent bumps and two five-year renewal options, extending the lease to December 31, 2031. This prime location is adjacent to Broadway at the Beach, a major tourist attraction drawing over 14 million visitors annually, and is minutes from the beach, Myrtle Beach Boardwalk, Convention Center, and Pelicans Ballpark. The property benefits from strong co-tenancy with national retailers including Lowe's, T.J. Maxx, Target, Sam's Club, Chick-fil-A, Sonic, Bojangles, Wendy's, and Topgolf. The tenant, Carolina Coastal Plastic Surgery Center, is a certified ambulatory surgery center specializing in plastic surgery, led by a highly regarded surgeon. This presents a secure, passive income investment with significant upside potential in a thriving coastal market. The property's strategic location and long-term lease make it an attractive opportunity for discerning investors seeking a stable, high-performing asset.
Highlights
Absolute NNN lease with a long-term tenant (since 1994) who recently invested over $250,000 in capital improvements.
Adjacent to Broadway at the Beach, a major tourist attraction with over 14 million annual visitors.
1.86-acre lot on 21st Ave N, with over 20,000 VPD, near the beach, boardwalk, convention center, and Pelicans Ballpark.
Tenant recently extended their lease.
Strong co-tenancy including Lowe's, T.J. Maxx, Target, Sam's Club, Chick-fil-A, Sonic, Bojangles, Wendy's, and Topgolf.
12,448 SF ambulatory surgery center occupied by a well-established, high-profile plastic surgery practice.
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Contacts
Clifton McCrory
Chris Sands
Andrew Gilbert
John Brown
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1275 21St Ave, Myrtle Beach, South Carolina, 29577
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1275 21St Ave
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