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Freddy's 4576 Dick Pond rd 2,610 SF Retail Building Myrtle Beach, SC 29588 $4,095,000 ($1,568.97/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- NEW CONSTRUCTION BY NEW RESIDENTIAL COMMUNITY
- ATTRACTIVE LEASE FUNDAMENTALS
- POSITIONED IN HIGH DEMAND RETAIL TRADE AREA
EXECUTIVE SUMMARY
ATTRACTIVE LEASE FUNDAMENTALS
- New 20 year Abs. NNN
- 2% Annual Increases
- Zero Landlord Responsibilities
- 4 x 5 year extensions providing a long term investment
FAST GROWING BRAND
- Freddy’s currently has over 550 locations across 36 states
- The company goal is to reach 800 restaurants by 2026 with 130 locations in development for the next two years
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 Increases
- Zero Landlord Responsibilities
- 4 x 5 year extensions providing a long term investment
FAST GROWING BRAND
- Freddy’s currently has over 550 locations across 36 states
- The company goal is to reach 800 restaurants by 2026 with 130 locations in development for the next two years
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
2,610 SF
Year Built
2025
Price
$4,095,000
Price Per SF
$1,568.97
Cap Rate
5.25%
NOI
$215,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.96 AC
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Freddy's
- Retailer
- 2,610 SF
- -
- Triple Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Freddy's | Retailer | 2,610 SF | - | Triple Net | - |
NEARBY MAJOR RETAILERS
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Freddy's | 4576 Dick Pond rd
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