Prince Creek Village_Property for Sale
Prince Creek Village_Property for Sale
11920 Highway 707 11920 Hwy 707, Murrells Inlet, SC, 29576, US

Prince Creek Village

Asset Description

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.


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Attributes

Building area gross
18,035 sf
Occupancy
100%
Year built
2017
Land area gross
3.17 acres
NOI
HK$4,058,000

Media

Investment Highlights

  • 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
Prince Creek Village 4_Property for Sale
Prince Creek Village 4_Property for Sale

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Prince Creek Village (0 Properties)

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Last updated
25 Mar 2024