Listed by Atlantic Capital Partners
$2,684,000
Bohemian Bull | Murrells Inlet, SC
Details
Property Type Retail
Sub Type Restaurant, Storefront
Square Footage 5,300
Cap Rate 7.10%
NOI $190,550
Tenancy Single
Brand/Tenant Outback Steakhouse, Longhorn Steakhouse
Lease Type NN
Lease Term 10
Lease Expiration 04/30/2035
Remaining Term 8.8
Rent Bumps Yes
Lease Options 2 x 5 Years
Broker Co-Op True
Class A
Year Built 2017
Acreage 0.810
Investment Type Net Lease
Tenant Credit No Credit Rating
Lease Commencement 05/01/2025
Ground Lease No
Ownership Fee Simple
7.10% CAP | Annual Rent Increases | High Growth Murrells Inlet
Investment highlights
STRONG LEASE FUNDAMENTALS
- 10 year term with 3% increases annually providing a strong inflation hedge
- Two (2) five (5) year extensions
POSITIONED IN A DENSE RETAIL NODE
- More than 1.7M SF of retail space located within a 1-mile radius of the site
- Nearby National Retail Tenants Include: Walmart Supercenter, Belk, Kroger, The Home Depot, and more
- Retail vacancy in a 1-mile radius of the site is 0.1% according to CoStar
FRONTING BUSY THOROUGHFARE WITH CROSS ACCESS
- Property is fronting busy US-17 BUS (32.4K VPD)
- US-17 runs along the coast of the Carolinas, connecting Charleston, SC with Myrtle Beach, SC and Wilimington, NC and up into Jacksonville, NC
DENSE RESIDENTIAL AREA
- Located within a 1-mile radius of the site are 750 multifamily units and more than 3,500 homes
- Located just half a mile from the site is the new single family development Middlebrooke - 338 single family houses and 150 duplexes
HIGH GROWTH MURRELLS INLET – A TOP VACATION MARKET
- Murrells Inlet population increased by more than 6.21% in 2021-2022, while median HHI increased 4.47% in same time span (DataUSA)
- Over 17.6M people visited Murrells Inlet in 2023, accounting for over $12.5B in economic impact by direct visitor spending, a 4.7% increase from 2022
RECENT RENOVATIONS
- The Building has recently been converted to suit the tenant’s specifications
- Tenant has paid to add specific capital improvements to improve customer experience, improvements include outdoor patio, and beer garden with live music
Listing Contacts
Listed by Atlantic Capital Partners
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$190,550.00
$15,879.17/mo
Valuation Metrics
0
DSCR
7.1%
Cap Rate
7.1%
ROI
Map
Zoning
HC CommercialSpecial CommercialHighway Commercial
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 121 uses
View all 121 uses Last updated Feb 11, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
