38TH Avenue Plaza-Myrtle Beach SC-For Sale-OPEN TO ALL OFFERS (Myrtle Beach, SC)

38TH Avenue Plaza-Myrtle Beach SC-For Sale-OPEN TO ALL OFFERS

OPEN TO ALL OFFERSRECEIVING ALL OFFERS UP TO THE END OF THE BUSINESS DAY AT 5 00 PM EST 07-02-2020OFFERED FOR SALE Located between the Retail Community and the Professional Finance District of Oleander Drive Myrtle Beach SC. With high visibility from Highway 17 Bypass the property is surrounded by Golf Courses Shopping Centers Entertainment and Professional Office Parks.REAL ESTATE Approximately 1.27 Acres Leasehold Interest in the LandOutparcel of Food Lion Anchored Center Plantation PointAccessed by Interior Loop Road to Shopping CenterExcellent Visibility and 180 Frontage on U.S. Highway 17 BypassOther Outparcels include CVS McDonalds Zaxby sIdentified as PIN 42015030005 City of Myrtle Beach County of Horry SCZoned Highway Commercial (HC1) City of Myrtle Beach SC. Annual Real Estate Taxes 2019 23 726 City of Myrtle Beach County of Horry SC. (passed through to tenants)Average Daily Traffic Count-41 200 (Source SCDOT 2019)IMPROVEMENTS Approximately 7 100 SF Retail Building on Slab Three Tenant Building with Double StorefrontsBrick & Stucco Finishes with Decorative AwningsMASTER GROUND LEASE Primary Term of Twenty Five (25) Years Initial Date 2006Four (4) Renewal Options of Five (05) Years EachCurrent Rate of Seventy Five Thousand Two Hundred Sixty Four Dollars ( 75 264)Base Rent Escalations of Twelve Percent (12%) every Five (05) Year