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4955 Highway 17 Byp S
Myrtle Beach, SC 29577

$1,370,000 USD

Medical For Sale  •  7,880 SF

Property Details

• Property Type Medical
• Total Building Size 7,880 SF
• Lot Size 0.54 AC
• Building Class C
• Year Built 1983
• Cap Rate 8.76 %
• Tenancy Multiple

0 Transit Score

47 Walk Score

Highlights

Coastal Wellness & Coastal Care Stand Out as One of the Top Providers For Addition Care Since 2016 in Horry County

Absolute NNN Sale Leaseback Property With No Landlord Responsibilities and 2% Annual Increases

2.5% Rent Coverage Ratio From EBITDA | 9% Rent to Sales Ratio

Conveniently Located in a Heavy Medical Retail Corridor Near South Strand Medical Center, Publix, Starbucks, McDonalds, Goodwill Etc.

Located Off Highway 17, Which Has 55,152 VPD; 4.2% Annual Population Growth

67% Occupied Center With a Value-Add Opportunity to Lease Out the Remaining 2,626 SF

Cap Rate:

8.76 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Coastal Care	2,626 SF	11/1/2031
Coastal Wellness	2,626 SF	11/1/2031

Public Transportation

Airport	Drive	Walk	Distance
Myrtle Beach International	13 min	-	5.8 mi