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Listed by Brian Piercy Group • ERA Real Estate Modo
$8,900
4,324 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Rent
Square Footage 4,324 sqft
MLS Listing ID 2618374
HOA Y/N No
Lot Size 0.550 Acres
Acres 0.55
Property Sub-Type Commercial
Source CCAR
Property Description
12 MONTHS FREE BASE RENT FOR A LONG-TERM TENANT. The first six months are provided for renovations and build-out, followed by an additional six months while the business opens and becomes established. Position your business at 100 S. Kings Highway, a highly visible location along one of Myrtle Beach's busiest commercial corridors. Formerly occupied by Krispy Kreme, this approximately 4,324-square-foot freestanding building has been fully demolished on the interior and is ready for a new tenant to customize for a restaurant, retail concept, showroom, office, service business, or other commercial use. The property is offered as-is, with the tenant responsible for all renovations, improvements, permits, and build-out. No landlord-funded tenant improvement allowance will be provided, as the 12-month free base-rent period is offered in lieu of a TI allowance. The lease includes a 10-year initial term with two additional five-year renewal options, providing up to 20 years of occupancy. The first paid lease year, Year 2, must be paid in full upfront at lease signing, with rent paid monthly beginning in Year 3. Rent will increase 10% at the beginning of each five-year renewal term. Surrounded by hotels, timeshares, vacation rentals, residential communities, local businesses, and popular tourist destinations, the property provides excellent visibility and access to both year-round residents and millions of annual visitors. This is a rare opportunity to establish your business in a recognizable former restaurant location near the center of Myrtle Beach's tourism and hospitality district.
Location
State SC
County Horry
Area 16G Myrtle Beach Area--Southern Limit To 10Th Ave N
Zoning HC
Interior
Interior Features Handicap Access, Storage
Heating Central
Cooling Central Air
Fireplace No
Exterior
Amenities Available Storage
Present Use Restaurant,Retail
Building
Entry Level One
Sewer Public Sewer
Level or Stories One
Others
Senior Community No
Tax ID 44305040026
Acceptable Financing Lease Option
Listing Terms Lease Option
Special Listing Condition None
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