3415 Us-17 BusMurrells Inlet, SC 29576

Property Details for 3415 Us-17 Bus

Year built

2005

Lot size

0.93 AC

Property size (Sq ft)

9,640 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

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

Location Insight

City

Murrells Inlet

County

Horry

State

South Carolina

Latitude

33.5748

Longitude

-79.0256

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