For Sale
$2,675,000

1578 Dividend LoopMyrtle Beach, SC 29577

12,920 SF Warehouse, Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 12,920-square-foot warehouse facility in Myrtle Beach, South Carolina, presents a compelling investment opportunity. Built in 2009, the single-story building sits on a 1.35-acre lot and is zoned for Limited Manufacturing (LM). Currently leased to a BBB+ Investment Grade Corporate Tenant, Johnson Controls Inc., the property boasts a strong lease history since its construction. The tenant occupies the entire space, providing a stable income stream. Located in the thriving North Industrial Park, this property benefits from its proximity to key transportation arteries, including Myrtle Beach International Airport (less than one mile away), and major retail destinations like Coastal Grand Mall (under a mile). The strategic location also offers easy access to the Atlantic Ocean resorts and tourist attractions (two miles). The North Industrial Park is a well-established business hub, home to numerous national and regional companies. Myrtle Beach's rapid growth, ranked 5th fastest-growing metro area in the US in 2020, further enhances the investment potential of this property. The asking price is $2,675,000, with a current base rent of $175,468, subject to 3% annual increases. This is a single-tenant, Net-Net-Net (NNN) lease. The property's APN is 44204040016. This is a rare opportunity to acquire a high-quality industrial asset in a rapidly expanding market.

Highlights

  • 12,920 SF warehouse in Myrtle Beach, SC.
  • Built in 2009, situated on a 1.35-acre lot, zoned LM.
  • Leased to Johnson Controls Inc. (BBB+ credit rating), offering a stable income stream.
  • Located near Myrtle Beach International Airport and Coastal Grand Mall, with easy access to area attractions.
  • $2,675,000 asking price; $175,468 annual base rent with 3% annual increases; NNN lease.

Property Details for 1578 Dividend Loop

Property type
Warehouses, Office properties
Square Feet
12,920 SF
Year Built
2009
Buildings
1
Stories
1
Lot Size (sq. ft)
58,806 SF

Location Insight

City
Myrtle Beach
County
Horry
State
South Carolina
Latitude
33.693481038496
Longitude
-78.92449783062
1578 Dividend Loop, Myrtle Beach, South Carolina

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1578 Dividend Loop
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