STNL Medical Office Lease Back

Office for Sale
Catylist Listing ID: 30467377
Property Subtypes: Medical, Net Leased, Office Building
Building Size (RSF): 12,948 SF
Gross Building Area: See Agent
Sale Price: $2,940,000
Unit Price: $227.06 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN)
Class of Space: Class B
Sale Terms: Sale/Leaseback
Cap Rate: 7.18%
Last Updated: 10/12/2019

Overview / Comments

KW Commercial is pleased to offer a single tenant, 10 year “sale and leaseback” ambulatory surgery center located in the heart of Myrtle Beach. Located directly across from Broadway at the Beach and within 5 miles of Grand Stand Medical Center, a 369 bed acute care hospital.

Available for purchase is 1275 21st Ave North. Coastal Carolina Plastic Surgery and Medical Spa (“Tenant”) to sign a new 10 year NNN lease at closing. Costal Carolina as been at this location for 14 years. The site is strategically positioned on 1.86 acres of land just off Highway 17 which sees over 44,000 vehicle per day. Additionally, the property is approximately 1 mile from main junction I-501 as well as 1 mile from the beach and boardwalk.

Additional Details

Nearest MSA: Myrtle Beach-Conway-North Myrtle Beach
County: Horry
Tax ID/APN: 1730003188
Year Built: 1994

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,129 31,689 64,860
Median Age: 36.25 36.99 36.71
Households: 3,383 13,551 27,381
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