Retail

Prince Creek Village

11920 Highway 707, Murrells Inlet, SC, 29576, US

Prince Creek Village_Property for Sale

Gallery

Prince Creek Village 2_Property for Sale

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, an 18,035 SF essential retail shopping center shadow-anchored by Publix. 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 4 years of WALT at 100% leased, the Center provides reliable cash flow with proven tenant loyalty as over 40% of the total income has recently renewed for approximately 5 years. The Property also benefits from its shadow anchor, Publix, the #1 most visited Grocer in the Southeast in 2020.


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.


Danny Finkle: Limited Nonresident Commercial Real Estate Broker/Salesperson'

Attributes

Building area gross
18,035 sf
Occupancy
1.00%
Year built
2017
Land area Gross
3.17 acres (138,085 sf)

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

Contact brokers

Similar properties

View moreChevron Right
Do you have any questions? Visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. E-Mail us today to see how we can help achieve your ambitions.
Last updated
Dec 1, 2022