Publix Shadow Center

Publix Shadow Center

11920 S.C. Hwy. 707
Murrells Inlet (Myrtle Beach MSA), SC

Price: $5,225,000
Cap: 7.25%
NOI: $378,936
Building Size: 18,035 SF
Lot Size: 3.17 AC

Investment Highlights

PRINCE CREEK CROSSING
• Prince Creek Village Center is a brand new 18,035 SF Publix Shadow Center in Murrells Inlet (Myrtle Beach MSA), SC. (4 Miles from the Beach).
• The Center is a brand new shadow anchored retail strip to Publix (18 Years Remaing in Lease), the largest employee-owned grocery chain in the United States with 1,155 locations in seven southeastern states.
• The asset is situated at the corner of TPC Boulevard and SC Highway 707 (22,500 VPD) with prime visibility, frontage, and four points of ingress/egress.
• The center is 92% Occupied with a synergistic mix of national and local tenants.

STRATEGIC LOCATION
• The subject property is located in a strong retail and residential corridor of Murrells Inlet (2.85 Million square feet of retail within a 3-Mile Radius).
• Surrounding Retailers include Lowe’s Foods, Pizza Hut, CVS, Home Depot, Walmart among others.
• 26,135 residents with an average household income of $67,720 within 3 miles of the site.
• The property is located in the heart of a dense residential corridor with 16,000+ homes in the immediate area.
• The site is less than 1 mile from TPC Myrtle beach golf course, one of the region’s most prestigious golf clubs and host of multiple professional golf championships throughout the year.

MYRTLE BEACH MSA
• Myrtle Beach MSA (Population: 464,165) is one of America’s Centers of tourism with more than 16.1 million annual visitors.
• United States census data has revealed Myrtle Beach was the second fastest-growing metropolitan area in America between 2016 and 2017.
• Horry County (Subject Location) population increased by 10,926 within that span.
• Murrells Inlet (10 miles south of Myrtle Beach) has experienced tremendous growth and massive residential developments, with more than 16,200 homes and 26,000+ residents within a 3-Mile Radius.
• Murrells Inlet has become a premier tourist and retirement destination, known for its luxouris golf courses and homes.

DEMOGRAPHICS
• Population: 1-Mile: 4,808 | 3-Mile: 26,135| 5-Mile: 50,322.
• Average Income: 1-Mile: $67,213| 3-Mile: $67,720| 5-Mile: $64,139.
• Projected Growth: 1-Mile: 15.46% | 3-Mile: 14.08% | 5-Mile: 13.67%.

Zach Taylor
OFFERING MEMORANDUM

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