For Sale
$1,275,000

3415 Us-17 BusMurrells Inlet, SC 29576

Prime SC Restaurant, Net Lease, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional Murrells Inlet, SC, investment opportunity presents a fully leased, free-standing restaurant building and land for sale. The property, located at 3415 US-17 BUS, boasts 9,640 total square feet, including 3,138 net rentable square feet, on a 0.93-acre lot. Built in 2005 and renovated in 2023, the two-story building features a Highway Commercial zoning designation and ample parking for 35 vehicles. Currently occupied by "Fire to Table" restaurant under a triple net (NNN) lease, the property offers a strong 6.96% cap rate with a substantial net operating income (NOI) of $88,680. The lease commenced November 15, 2023, and extends for a remaining term of nine years, expiring November 30, 2033. Rent is $7,000 per month, subject to annual increases based on CPI or 2%, whichever is lower. The tenant is responsible for property taxes ($14,776.99) and insurance (approximately $12,000). Key features include two full-service bars, indoor and outdoor seating, a raised outdoor band stage, and extensive porches and decks. The property also includes two large walk-in coolers, various refrigeration units, kitchen equipment (some tenant-owned), storage shelves, four HVAC units, and four restrooms. Additional amenities include a fire sprinkler system, handicap ramp, and signage. The property's prime location near a busy gas station and a new traffic corridor offers exceptional visibility and accessibility. The sale includes the land and building

Highlights

  • Prime Murrells Inlet location.
  • Building and land included; tenant currently occupies.
  • High-growth Murrells Inlet area.

Property Details for 3415 Us-17 Bus

Property type
Retail properties, Restaurants
Square Feet
9,640 SF
Year Built/Renovated
2005/2023
Buildings
1
Stories
2
Lot Size (sq. ft)
40,511 SF

Location Insight

City
Murrells Inlet
County
Horry
State
South Carolina
Latitude
33.57480972741
Longitude
-79.025566253539
3415 Us-17 Bus, Murrells Inlet, South Carolina

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3415 Us-17 Bus
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