Denny S Myrtle Beach MSA - RealtyLink: Properties

Denny's, Myrtle Beach MSA

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Brand new 20-year NNN lease with estimated 10% rent bumps every 5 years of primary term and option periods
Average return of approximately 9.86% over the 20-year primary lease term
Denny’s is the largest full-service family restaurant chain in the U.S. with 1,550+ locations and system wide sales of $2.4 billion in 2007
Located on a major 4-lane US highway approximately 5 miles from the Myrtle Beach International Airport and Atlantic Ocean beaches
Immediate proximity to Wal-Mart, Lowe’s, Kohl’s, Office Depot, banks, hotels, golf courses, beaches and more
Estimated population of 66,000 in a 5-mile radius of property representing over 29% growth since 2000
Traffic counts of approximately 54,200 on US Hwy 17 Bypass and 46,400 on SC Hwy 544
Excellent exposure on US Hwy 17 Bypass with pylon signage and over 200 feet of frontage
Myrtle Beach is part of a 60 mile stretch of coastline called the Grand Strand region, one of the fastest growing areas in the country

Square Feet:

4,650

Acreage:

1.05

Cap Rate:

8.50%

Price:

$2,308,500

Property Type:

NNN

Purchase Type:

For Sale

Contact:

Tyson Glasser, CCIM

(864) 242-4008 x27