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Brentwood Realty Acquires Braves Village Shopping Center In Myrtle Beach For $7.4M

Property Image
SOLD
$7,400,000
Lori Schneider
David E. Gant

South Carolina

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Retail60,914 SF
Sold 07/01/2025
the dealplayerscompscontact
Property Image
SOLD

Brentwood Realty Acquires Braves Village Shopping Center In Myrtle Beach For $7.4M

5387 5423 Dick Pond Road

See Similar Deals
Retail60,914 SF
Sold 07/01/2025
Lori Schneider
David E. Gant
the dealplayerscompscontact
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Summary

SOUTH CAROLINA
Asset Type:Retail
Price Per Square Foot:$121
Total Square Footage:60,914 SF
Transaction Type:Sale

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

David E. Gant
Marcus & Millichap
David E. Gant
6 deals$63M volume
BROKER
Lori Schneider
Marcus & Millichap
Lori Schneider
7 deals$65.6M volume
BROKER
Marcus & Millichap
Marcus & Millichap
BROKERAGE

Details

SOLD
IMAGE: 07/01/2025 ADDRESS: 5387-5423 Dick Pond Road MARKET: Myrtle Beach, SC ASSET TYPE: Retail BUYER: Brentwood Realty BROKERS: Lori Schneider & David E. Gant - Marcus & Millichap SALE PRICE: $7,400,000 SF: 60,914 ~ PPSF: $121 NOTE: Marcus & Millichap brokered the $7.4M sale of Braves Village Shopping Center, a 60,914 SF retail property in Socastee, SC, anchored by Food Lion. Lori Schneider and David Gant represented the seller and sourced the buyer, Brentwood Realty. .Gant

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$394,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$26,290.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$35,079.78
Annual Debt Service$420,957.30