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12182 Highway 17 Byp
Murrells Inlet, SC 29576
Starbucks & Mattress Firm · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Retail Center at Signalized Intersection
- Located in high growth submarket of Myrtle Beach MSA
- Corporate leases in place at established high traffic location
- Highway 17 Bypass provides connectivity to densely populated & affluent submarkets
EXECUTIVE SUMMARY
The Shops at Inlet Commons is is a 6,000 square foot retail-restaurant duplex located at the signalized corner of Highway 17 Bypass, 1 block north of the Highway 17 Bypass & Business split in Murrells Inlet, South Carolina. This retail duplex is occupied by Starbucks and Mattress Firm, and was built in 2016. The property is accessible from the signalized intersection of Highway 17 Bypass and a private access road that feeds the Home Depot anchored Inlet Commons. Both Starbucks and Mattress Firms are secured by a NNN lease.
Murrells Inlet is an affluent submarket of Myrtle Beach, and is located on the Horry-Georgetown County line. Highway 17 Bypass is the primary traffic artery in this submarket, where traffic counts exceed 36,000 vehicles per day. The commercial/retail market is expanding in this submarket, with the redevelopment of the Inlet Square Mall and growth fueled by Tidelands-Waccamaw Community Hospital 1.6 miles south of the Shops at Inlet Commons.
Murrells Inlet is an affluent submarket of Myrtle Beach, and is located on the Horry-Georgetown County line. Highway 17 Bypass is the primary traffic artery in this submarket, where traffic counts exceed 36,000 vehicles per day. The commercial/retail market is expanding in this submarket, with the redevelopment of the Inlet Square Mall and growth fueled by Tidelands-Waccamaw Community Hospital 1.6 miles south of the Shops at Inlet Commons.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,000 SF
Building Class
B
Year Built
2016
Price
$5,444,088 CAD
Price Per SF
$907.35 CAD
Cap Rate
5.79%
NOI
$315,171 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
1.12 AC
Zoning
HC - Highway Commercial by Horry County.
Parking
30 Spaces (3.01 Spaces per 1,000 SF Leased)
Frontage
233’ on Us-17 Byp
AMENITIES
- Bus Line
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | 46906030001 | Improvements Assessment | $207,030 CAD |
| Land Assessment | $73,905 CAD | Total Assessment | $280,935 CAD |
PROPERTY TAXES
Parcel Number
46906030001
Land Assessment
$73,905 CAD
Improvements Assessment
$207,030 CAD
Total Assessment
$280,935 CAD
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