10133 Kings HwyMyrtle Beach, SC 29572

This exceptional investment opportunity presents a thriving Hooters restaurant in Myrtle Beach, South Carolina. Located at 10133 N Kings Hwy, this 6,734 square foot establishment sits on a 1.61-acre lot, boasting a prime location across from a Walmart and adjacent to a new Chick-fil-A. The property is subject to a long-term, absolute triple-net (NNN) lease with approximately 13.1 years remaining, providing significant passive income potential. The lease, originally commencing in August 2014 and expiring December 31, 2037, includes three five-year renewal options, extending the potential lease term to over 28 years. The current annual net operating income (NOI) is $234,680, representing a 6.25% cap rate on the asking price of $3,754,880 ($557.60 per square foot). Rent increases are tied to the Consumer Price Index (CPI), ensuring consistent growth. The tenant, a corporate guarantor, has demonstrated strong commitment by exercising an early renewal option. Built in 1978 and renovated in 2014, this property offers a secure, high-performing investment with substantial long-term prospects in a high-traffic area. The property's strong performance is further evidenced by its ranking as the #1 Hooters in South Carolina according to Placer.ai. This is a rare opportunity to acquire a well-established, high-performing restaurant with a secure, long-term lease in a desirable location.