100 S Kings Hwy.

Description

12 MONTHS FREE BASE RENT FOR A LONG-TERM TENANT. The first six months are provided for renovations and build-out, followed by an additional six months while the business opens and becomes established. Position your business at 100 S. Kings Highway, a highly visible location along one of Myrtle Beach’s busiest commercial corridors. Formerly occupied by Krispy Kreme, this approximately 4,324-square-foot freestanding building has been fully demolished on the interior and is ready for a new tenant to customize for a restaurant, retail concept, showroom, office, service business, or other commercial use. The property is offered as-is, with the tenant responsible for all renovations, improvements, permits, and build-out. No landlord-funded tenant improvement allowance will be provided, as the 12-month free base-rent period is offered in lieu of a TI allowance. The lease includes a 10-year initial term with two additional five-year renewal options, providing up to 20 years of occupancy. The first paid lease year, Year 2, must be paid in full upfront at lease signing, with rent paid monthly beginning in Year 3. Rent will increase 10% at the beginning of each five-year renewal term. Surrounded by hotels, timeshares, vacation rentals, residential communities, local businesses, and popular tourist destinations, the property provides excellent visibility and access to both year-round residents and millions of annual visitors. This is a rare opportunity to establish your business in a recognizable former restaurant location near the center of Myrtle Beach’s tourism and hospitality district.