For Sale $6,854,700
Property Type Retail - Freestanding
Property Size 3,600 SF
Lot Size 1.74 Acre
Additional Rent Contact for pricing
Date Updated Sep 20, 2024

The Property is located in the extremely popular Grand Strand region of South Carolina’s Atlantic coastline along the US Hwy 17 corridor, the market’s primary commercial and most traveled thoroughfare. Part of a strong trade area that anchors the southern end of the Myrtle Beach metro area, the Property is well positioned among a myriad of retail, restaurant, medical, office, hospitality, residential and recreation options.The Property was developed as a build-to-suit (BTS) for one of the leaders in the express car wash industry and was completed in January of 2024. This was the developer’s third BTS project for this operator. Prior to being completely scraped and redeveloped, the Property was a Ryan’s Family Steakhouse that originally opened in the late 1990’s. The Property is leased to Whistle Express on an initial 20-year absolute NNN term that commenced in January 2024. There are 4 options to renew for 5 years each with 2% annual rent increases throughout the initial term and option periods. Whistle Express is fully responsible for all costs associated with managing and maintaining the Property. The lease has a corporate guaranty with no burn-off or sunset period.Available for Ground Lease or Build-to-Suit Tenant Improvement Allowance Available 4% Leasing Commission on First 10 years of Term to Tenant Reps

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Highlights

Class A construction completed in January 2024 offering the most state-of-the-art equipment and eco-friendly services in the express car industry
20-year absolute NNN corporate lease with 4 renewal options of 5 years each and 2% annual rent increases throughou
Industry-leading tenant with over 120 locations in 9 Southeast and Midwest states with an aggressive and systematic growth plan fueled by a significant investment from Oaktree
Capital in 2023
The asset qualifies for 60% bonus depreciation (through 12/31/24) offering an investor tremendous tax savings in year 1 of ownership
Excellent visibility from US Hwy 17, the market’s primary 4-lane thoroughfare that averages traffic counts of approximately 44,000 cars per day, and a can’t-miss oversized pylon sign
Neighboring big and junior box retailers include Target, Walmart, Lowe’s, Ross, Marshalls, Kohl’s, PetSmart, Petco, Lowes Foods, Aldi, Ulta, Office Depot, Camping World and Goodwill
Located 10 minutes from Myrtle Beach International Airport, which was voted the #1 Best Small Airport by USA Today in 2021 and has more than 50 daily nonstop flights
Strong population and household income numbers with approximately 145,000 residents within a 15-minute drive (40% growth since 2010) and average HHI of approximately $95,000 within a 1-mile radius
Surfside Beach is part of the popular Grand Strand region that includes 60 miles of uninterrupted Atlantic Coast beaches and an estimated 14 million annual visitors

Contacts

Neil Wilson

RealtyLink

Location

Getting Around

Walk Score ®
43/100 Car-Dependent
Bike Score ®
37/100 Somewhat Bikeable

Map
Street

City Surfside Beach, SC
Neighborhood Garden City
Zip Code 29575
Market Charleston

Points of Interest

Myrtle Beach Train Depot

6.70 miles

7-Eleven

0.08 miles
Murphy USA

0.48 miles
Mobil

0.49 miles
Exxon

1.47 miles
Shell

1.70 miles
Carolina Petro

1.70 miles
Murphy Express

1.74 miles
Speedway

1.92 miles
BP

1.99 miles
Kangaroo

2.08 miles

Farrow Parking Garage

3.07 miles
Deville Parking Garage

3.19 miles
Nature Center Parking

3.24 miles
Heritage Outdoor RV Storage

3.60 miles
Boat & RV Storage

4.82 miles
Main Parking Lot

6.66 miles
Myrtle Beach Public Parking

6.88 miles
Overflow Parking

6.91 miles
Ocean 22 Hilton Garage

7.68 miles
Wal-Mart

9.24 miles

California Dreaming

0.07 miles
McAlister's Deli

0.11 miles
Chipotle

0.12 miles
Captain D's

0.27 miles
Bonefish Grill

0.30 miles
Panda Express

0.32 miles
Tropical Smoothie Cafe

0.32 miles
Miyabi Jr.

0.33 miles
Little Caesars

0.35 miles
Subway

0.35 miles

ALDI

0.21 miles
Ross

0.27 miles
Walmart

0.28 miles
Kohl's

0.31 miles
Lowes Foods

0.42 miles
Target

0.72 miles
Marshalls

0.72 miles
Walmart Neighborhood Market

1.59 miles
Food Lion

1.85 miles
Piggly Wiggly

2.13 miles

Frequently Asked Questions

How much does Whistle Express - Myrtle Beach cost?

The space currently listed for sale at Whistle Express - Myrtle Beach asks for $6,854,700.

What is the total square footage of Whistle Express - Myrtle Beach?

Whistle Express - Myrtle Beach totals 3,600 square feet.

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