The 6,411 square foot Sticky Fingers Restaurant in Myrtle Beach, SC, at the Coastal Grand Mall, recently sold to a 1031 Buyer. The sales price was $3,241,000 with the NOI
reported at $235,000 indicating a cap rate of 7.25%. There
are 10.25 years remaining on this absolute NNN lease. The area is
experiencing tremendous growth and the MSA is one of the fastest growing
in the nation.
