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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$2,597,845
Hospitality
$2,379,612
Educational
$1,979,810
Medical
$2,047,898
Retail
$3,079,704
Location Insight
City
Myrtle Beach
County
Horry
State
South Carolina
Latitude
33.6936
Longitude
-78.9245
CBSA code
34820
CBSA name
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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