Popeyes NNN | Myrtle Beach, SC
Popeyes NNN | Myrtle Beach, SC
Popeyes NNN | Myrtle Beach, SC
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Popeyes NNN | Myrtle Beach, SC
Popeyes NNN | Myrtle Beach, SC
Popeyes NNN | Myrtle Beach, SC
For Sale

Popeyes NNN | Myrtle Beach, SC

2123 Highway 501, Myrtle Beach, FL 29577

$3,904,000

INVESTMENT HIGHLIGHTS

  • Rent $205,000
  • Cap Rate 5.25%
  • Lease Term 20 years | 4 x 5 options | 10% Increase every 5 years
  • Fully Triple Net Lease
  • Guarantor - Franchisee with 100 million + net worth
  • Property has broke ground and anticipating rent commencement March 2024
  • Frontage on Hwy 501, the gateway to Myrtle Beach
  • Traffic Count | 33,500 VPD on U.S. 501 / Daytime Population | 57,079
  • Out Parcel to #3 Walmart in South Carolina according to Placer AI
  • 2023 Population | 38,449 / 2028 Projected Population | 40,484 / Average HH Income | $70,056 - 3 Mile Radius
  • Nearby traffic generators include Broadway at the Beach, MB Convention Center, MB Convention, Pelican’s Ballpark, MB Boardwalk, MB Airport
  • Guaranteed By a Tenant with a 100+ Million Dollar balance Sheet

EXECUTIVE SUMMARY

Opportunity to purchase a new construction Popeyes with an anticipated completion date of March 2024 with a NNN 20 year lease (10% increase every 5 years) in place with a strong Guarantor - Franchisee with 100 million+ net worth. It is an out parcel to the #3 Walmart in SC according to Placer AI. ±.91 AC available on Highway 501 - the gateway to Myrtle Beach. Site offers Highway 501 frontage with other national retailers located at the intersection of I-17 & Hwy 501 include Home Depot, Home Goods, Michaels, Costco, Total Wine & More, Best Buy and numerous other national retailers.

ABOUT MYRTLE BEACH

The City of Myrtle Beach is a residential community and vacation destination at the heart of the Grand Strand, a 60-mile stretch of natural beauty on South Carolina’s northeastern coast. Our 35,000-plus permanent residents and millions of visitors enjoy the wide beaches, the warm weather and an incredible range of entertainment, nightlife, golf, shopping, dining and live theatre.
The Myrtle Beach area of South Carolina continually proves that it is worthy of the moniker “The Grand Strand” and “The Beach” year-after-year, garnering prestigious awards and designations ranging from the “Best Resorts in South Carolina” by Southern Living, “Most Affordable Place to Buy a Beach House in the U.S.” by Travel + Leisure, and ‘Best Vacation Destinations for Families Traveling with Disabilities and Autism’ by Fodor’s Travel.

MYRTLE BEACH AREA ACCOLADES (JULY 2023)

• Fastest Growing Places in the U.S. in 2022-2023 (U.S. NEWS AND WORLD REPORT)
• The 7 Best Beaches in South Carolina (AFAR)
• Myrtle Beach and Surfside Beach were named top cities for families traveling with disabilities and autism (FODOR’S TRAVEL)
• The 11 Best U.S. Destinations to Visit During the Fall Off-Season (FODOR’S TRAVEL)
• The Best Places To Celebrate The Fourth of July Across the U.S. (MAPQUEST TRAVEL)
• Best East Coast Beach Towns to Live In (STACKER)
• The Best Resorts to Stay In Across South Carolina (STACKER)
• 20 Best Places to Visit in the Carolinas (U.S. NEWS AND WORLD REPORT)
• One of the Most Affordable Places to Buy A Beach House in the U.S. (TRAVEL + LEISURE)
• Best Family Vacations in the U.S. (U.S. NEWS AND WORLD REPORT)
• 25 Top Family Weekend Getaways in the U.S. (U.S. NEWS AND WORLD REPORT)
• Best Family Spring Break Destinations (U.S. NEWS AND WORLD REPORT)

WHAT’S NEW FOR 2023?

• Surfworks Myrtle Beach - a surfing lagoon and amphitheater that will accommodate ±15,000 people
• Cherry Grove Fishing Pier Reconstruction & Surfside Beach Pier Reconstruction
• Downtown Myrtle Beach Arts & Innovation District Revitalization Project
• New 1,428 SF WWII Memorial in Warbird Park
• Revitalization of the Broadway Theater
• Ripley’s Aquarium of Myrtle Beach has added a new sloth habitat - Sloth Valley and is bringing new adventure to life with an all new Discovery Center
• Ripley’s Myrtle Beach now includes Ripley’s Crazy Golf and Ripley’s Illusion Lab
• Stars and Strikes Getaway-n-Play is a new 52,500 SF entertainment complex at Myrtle Beach’s Coastal Grand Mall offering high-tech bowling, an arcade, multistory laser tag arena, and axe throwing
• Garden City Beach Streetscape Project - a $46 million roads and streetscapes project

2,350 Sq.Ft. LIVING AREA

0.91 Acres lot

Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.
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Thank you for your interest in 2123 Highway 501, Myrtle Beach, FL 29577. We are reviewing your request and will be in touch shortly!
Emily Deleon

Emily Deleon

Features & Amenities

Area & Lot

  • Status For Sale
  • Living Area2,350 Sq.Ft.
  • Lot Area0.91 Acres
  • TypeCommercial

Financial

  • Sales Price$3,904,000

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