Brentwood Realty Acquires Braves Village Shopping Center In Myrtle Beach For $7.4M
5387 5423 Dick Pond Road
$7,400,000
$121/SF
Building Size
60,914 SF
Asset Type
Retail
Closing
Jul 1, 2025
AI
A 60,914 SF retail property located at 5387-5423 Dick Pond Road in Myrtle Beach, SC has been sold for $7,400,000. This retail asset, known as Braves Village Shopping Center, is anchored by Food Lion and is situated in a growing market area.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,400,000
- Address: 5387-5423 Dick Pond Road
- Market: Myrtle Beach, SC
- Square Footage: 60,914
- Price Per Square Foot: $121
- Buyer: Brentwood Realty
- Seller's Representatives: Lori Schneider & David E. Gant - Marcus & Millichap
Marcus & Millichap facilitated the transaction, with brokers Lori Schneider and David Gant representing the seller and sourcing Brentwood Realty as the buyer for the property.
Players
Myrtle Beach Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.14%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93