Descripción del activo
Jones Lang LaSalle, Inc., a South Carolina licensed real estate broker (“JLL”), has been retained as the exclusive sales representative for Prince Creek Village (“the Property” or “the Center”), an 18,035 SF essential retail shopping center shadow-anchored by Publix, the #1 most visited Grocer in the Southeast in 2020. The 100% occupied Property is located in Murrells Inlet, SC a popular tourist destination situated along the highly trafficked Highway 707 (22,500 VPD).
With an occupied GLA consisting of 44% medical, 33% service and 23% restaurant, the tenant lineup of this center caters to the surrounding and visiting demographic profile. Additionally, the Property benefits from rents that are below current market providing future mark to market potential and upside.
Prince Creek Village is situated in the #1 Fastest Growing City in the Southeast with a significant population growth of 30% since the 2010 US Census. In addition to the rapid population growth, the Myrtle Beach MSA continues to thrive with over 20 million annual visitors flocking to its beaches and attractions.
Atributos
Medios
Aspectos destacados de la inversión
- PUBLIX SHADOW ANCHORED
- DIVERSE INCOME STREAM & TENANT MIX
- STEADY CASH FLOW WITH SIGNIFICANT TENANT LOYALTY
- DOMINANT COASTAL MARKET
- NEW DEVELOPMENT DRIVES DEMAND
- ANNUAL CONTRACT RENT INCREASES & MARK-TO-MARKET RENTAL OPPORTUNITY
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