1102 Kings HwyMyrtle Beach, SC 29577

Property Details for 1102 Kings Hwy

Year built

1986

Property type

Retail properties

Property subtype

Lifestyle centers

Description

This exceptional 10,700 square foot shopping center in Myrtle Beach, South Carolina, presents a compelling investment opportunity. Located at 1102 S Kings Hwy, this multi-tenant property boasts 100% occupancy and a strong net operating income (NOI) of $116,150, yielding a 7.25% cap rate. Built in 1986, the center features a nationally top-performing Papa John's restaurant, consistently ranking in the top 91st percentile nationally and 95th percentile statewide, ensuring stable income. The property benefits from its prime location on a major Myrtle Beach thoroughfare, less than 10 minutes from The Market Commons, and surrounded by a dense residential population including single-family homes, multifamily residences, and condos. Myrtle Beach's thriving tourism industry, attracting over 20 million visitors annually, further enhances the property's value. An added advantage is a four-bedroom, three-bathroom residential unit above the shopping center, currently leased month-to-month, offering potential for rental income growth. The tenant mix is resistant to online competition, focusing on service and restaurant businesses. This irreplaceable beach real estate presents a rare chance to acquire a high-performing, well-located shopping center with significant upside potential. The asking price is $1,600,000, translating to $149.53 per square foot.

Location Insight

City

Myrtle Beach

County

Horry

State

South Carolina

Latitude

33.6786

Longitude

-78.9006

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].