C O M M E R C I A L T R A C T

MY

RT

LE

B

EA

CHCAROLINA FOREST

±46.59 Acres

PROPERTY OVERVIEW

Located at a lighted intersection Bounded by Rivers Oaks Drive and Carolina Forest Blvd.

Zoned CFA (Commercial Forest Agricultural) in Horry County

Located near booming residential growth

May subdivide Abundant schools and retail nearby

7/10 miles to International Dr Minutes to Hwy 31 Asking price per acre: $275,000

C A R O L I N A B AY S P K W Y H W Y 3 1

C A R O L I N A B AY S P K W Y

C A R O L I N A F O R E S T B LV D

H E N R Y R O A D

RIV

ER O

AK

S D

RIV

E

DEDICATED OPEN SPACE

HOUSE LOTS

OVER 55 HOUSING

SINGLE FAMILY HOUSING

WALKING STRAILS

BOUNDARY MAP

P R O P E R T Y L I N E

Due Diligence Materials On Hand

W E T L A N D D E L I N E A T I O N M A P

W E T L A N D D E T E R M I N A T I O N

Carolina Forest Blvd

Carolina Bays Pkwy

River O

aks Dr

International Dr

Carolina

Bays Pk

wy

Myrtle Beach International

Airport

Carolina

Bays

Pkwy

To Conway, SC

Intraco

astal W

aterway

Intraco

astal W

aterway

Intracoastal Waterway

The Market Common

Coastal Grand Mall

Stone Theaters Grand 14

Seaboard Commons

501 CommonsMyrtle Beach

Business District

Myrtle BeachPelicans Ballpark

Broadway atthe Beach

Topgolf(Early 2019)

Broadway Grand Prix

Ripken Experience Baseball Complex

Grand Strand Medical Center

Myrtle Beach Speedway

TANGER OUTLET

57,100 VPD

44,300 VPD39,000 VPD

39,000 VPD

32,000 VPD

25,400 VPD

48,000 VPD

School Enrollment

Ocean Bay Elementary 811

Ocean Bay Middle 1,189

Academy for the Arts, Science & Technology

Unavailable

Ten Oaks Middle New

River Oaks Elementary 976

Myrtle Beach High School 1,442

Myrtle Beach Elementary 755

Myrtle Beach Intermediate 724

Myrtle Beach Primary 880

Myrtle Beach Middle 1,043

St. Andrews Catholic 219

Bridgewater Academy Charter 124

Christian Academy of Myrtle Beach

365

Carolina Forest Elementary 1,053

Carolina Forest High School 2,268

Forestbrook Middle 1,271

Forestbrook Elementary 1,023

Socastee High School 1,626

Socastee Elementary 716

Palmetto Academy of Learning & Success

320

area amenities

Subject Property

Myrtle Beach, also known as “The Grand Strand”, is

located in northeastern South Carolina on a 60-mile

continuous stretch of beach. Ranked as the second

fastest-growing metropolitan area in the country (per

2018 census estimates), #1 in U.S. News & World Report’s

2018 relocation ratings, Myrtle Beach is eclipsing

lowcountry contemporaries Charleston and Hilton Head

for the first time. The total annual growth of 3.9% has

boosted Myrtle Beach into national discussions as not

only a vacation hotspot, but a permanent residence

destination. Cost of living is well below other high-

growth metros on the Atlantic seaboard. The current

median home list price in Myrtle Beach is $194,000,

compared to $345,000 in Charleston and $422,250 in

Hilton Head. The cost of living benefit has cause net in-

migration and a thirst for residential development and

new employment opportunities.

Myrtle Beach is one of the major centers of tourism

in South Carolina and the United States because of

the city’s warm subtropical climate and extensive

beaches. Recognized for its extraordinary golf courses

and beautiful coastline, Myrtle Beach is a top choice

when it comes to vacation destinations and relocation.

The coastal city boasts premier shopping destinations,

amusement parks, fishing and a variety of restaurants

and entertainment venues for people of all ages.

MYRTLE BEACH OVERVIEW

C O N T I N U E D O N N E X T P A G E

Booming & Diversified Myrtle Beach Economy

Myrtle Beach’s rapidly expanding economy is becoming increasingly

more diversified. With healthcare and tourism rapidly expanding,

the metro is expected to add over 18,000 jobs through 2022.

For the second year in a row, the Myrtle Beach MSA has been ranked as the second fastest growing metro in the nation. From 2016- 2017, the metro’s population increased by 3.7%

N A T I O N A L L Y R A N K E D

A huge increase in the number of retirees is driving job gains in the healthcare industry, which is projected to grow at twice the national rate over the next decade.

Tourism employment has rebounded; the number of tourists has risen 25% since 2009.

Overall population gains are projected to be 3 times higher than the national average through 2020.

Average household Income is expected to increase from $84,394 in 2017 to $96,701 by 2022, an increase of 14.6%.

Anchor industry Leisure and Hospitality comprises 25% of total employment with Healthcare burgeoning.

Total employment has benefited as well, with more than 18,700 new jobs to be added by 2022.

E C O N O M I C D R I V E R S

BY THE NUMBERS

419,5854.0%99%8.1%

P O P U L A T I O N 2 0 1 7

U N E M P L O Y M E N T R A T E ( J U L Y 2 0 1 8 )

C O S T O F L I V I N G I N D E X

C O S T O F B U S I N E S S I N D E X

#7 Best US Golf DestinationYahoo! Travel Top 10

#1 Best Places People are Moving to in 2018U.S. News & World Report

#2 Best Beaches in AmericaTravel Channel

Top 25 Best Bang for Your Buck Spots for July 4thPriceline.com

Best Family Vacations in the USAU.S. News & World Report

Top 10 Most Group-Friendly Beach Cities Across the U.S.Hotelplanner.com

Top 25 Best Beaches in AmericaThrillist

Top 25 Most Popular Summer Vacation Rental Spots in the U.S.Tripadvisor

Moody’s Cycle Phase: Expansion

Key Industries: Tourism, Retirement, Logistics

Primary Growth Sectors: Healthcare

Non-stop Flights: 45+ Cities

ACCOLADES

2018

2017

C O M M E R C I A L T R A C T

CAROLINA FOREST

CONWAY-WARDEN STATION TRACT

±1,667 ACRES

INTERNATIONAL DRIVE TRACT±358 ACRES

CAROLINA FOREST COMMERCIAL TRACT

±46 ACRES

RIVER OAKS COMMERCIAL TRACT

±20 ACRES

RIVER OAKS WATERWAY TRACT

±200 ACRES

RIVER OAKS RESIDENTIAL TRACT

±285 ACRES

Ansel BunchVice President+1 803 744 6861ansel.bunch@cbre.com

Markus Kastenholz, CPA, CCIMFirst Vice President+1 843 577 1166markus.kastenholz@cbre.com

CBRE, Inc.1333 Main Street Suite 210Columbia, SC 29201+1 803 779 7777 / www.cbre.us/columbia

©2018 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. Any projections, opinions, or estimates are subject to uncertainty. The information may not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. PMStudio_November2018