For Sale
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1275 21St AveMyrtle Beach, SC 29577

High-demand, NNN-leased medical building

Overview

Added:
Dec 11, 2024
Days on market:
114
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.

Property Details for 1275 21St Ave

Property type
Office properties, Medical offices
Square Feet
12,448 SF

Location Insight

City
Myrtle Beach
County
Horry
State
South Carolina
Latitude
33.712729767916
Longitude
-78.885452932223
1275 21St Ave, Myrtle Beach, South Carolina

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1275 21St Ave
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