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Del Taco 4570 Dick Pond rd 2,200 SF Retail Building Myrtle Beach, SC 29588 $4,095,000 ($1,861.36/SF) 5.25% Cap Rate
Investment Highlights
- ATTRACTIVE LEASE FUNDAMENTALS
- POSITIONED IN HIGH DEMAND RETAIL TRADE AREA
- NEW CONSTRUCTION BY NEW RESIDENTIAL COMMUNITY
Executive Summary
ATTRACTIVE LEASE FUNDAMENTALS
- New 20 year Abs. NNN
- 2% Annual Rental Increases
- Zero Landlord Responsibilities
- 4 x 5 year extensions providing a long term investment
FAST GROWING BRAND
- Del Taco has over 600+ locations in 17 states
- Del Taco is the second largest brand in the Mexican Quickservice restaurant (QSR) category
TOURIST DESTINATION
- Top Tourist Destination in the Country - The Grand Strand, which includes Myrtle Beach, hosts approximately 19 million tourists annually
- Myrtle Beach ranked third on most popular tourist destinations for Americans by Trip Advisor in 2021
- Home to 25 international companies, in the top 10 for Foreign Direct Investment
NEW CONSTRUCTION BY NEW RESIDENTIAL COMMUNITY
- Newly constructed building built with Tenant’s newest prototype in mind
- Directly down the road from Pulte Home’s 2K Home Development
STRONG SURROUNDING DEMOGRAPHICS
- Over 17K homes in a 3-mile radius
- AHHI in a 3-mile radius exceeds $95K, providing high discretionary spending
POSITIONED IN HIGH DEMAND RETAIL TRADE AREA
- Site fronts Dick Pond Rd (31.8K VPD)
- Over 464K SF of retail space in a 1-mile radius, with over 10K of absorption in trailing 12 months and a 0% vacancy rate
- Nearby retailers include: Planet Fitness, Auto Zone, O’Reilly’s, Ace, Subway
- New 20 year Abs. NNN
- 2% Annual Rental Increases
- Zero Landlord Responsibilities
- 4 x 5 year extensions providing a long term investment
FAST GROWING BRAND
- Del Taco has over 600+ locations in 17 states
- Del Taco is the second largest brand in the Mexican Quickservice restaurant (QSR) category
TOURIST DESTINATION
- Top Tourist Destination in the Country - The Grand Strand, which includes Myrtle Beach, hosts approximately 19 million tourists annually
- Myrtle Beach ranked third on most popular tourist destinations for Americans by Trip Advisor in 2021
- Home to 25 international companies, in the top 10 for Foreign Direct Investment
NEW CONSTRUCTION BY NEW RESIDENTIAL COMMUNITY
- Newly constructed building built with Tenant’s newest prototype in mind
- Directly down the road from Pulte Home’s 2K Home Development
STRONG SURROUNDING DEMOGRAPHICS
- Over 17K homes in a 3-mile radius
- AHHI in a 3-mile radius exceeds $95K, providing high discretionary spending
POSITIONED IN HIGH DEMAND RETAIL TRADE AREA
- Site fronts Dick Pond Rd (31.8K VPD)
- Over 464K SF of retail space in a 1-mile radius, with over 10K of absorption in trailing 12 months and a 0% vacancy rate
- Nearby retailers include: Planet Fitness, Auto Zone, O’Reilly’s, Ace, Subway
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,200 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$4,095,000
Price Per SF
$1,861.36
Cap Rate
5.25%
NOI
$215,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.97 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Del Taco
- Retailer
- 2,200 SF
- -
- Triple Net
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Del Taco | Retailer | 2,200 SF | - | Triple Net | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 44803020086 | Improvements Assessment | $0 |
| Land Assessment | $1,330,000 | Total Assessment | $1,330,000 |
Property Taxes
Parcel Number
44803020086
Land Assessment
$1,330,000
Improvements Assessment
$0
Total Assessment
$1,330,000
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Del Taco | 4570 Dick Pond rd
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