Ocean Bay Market


Ocean Bay Market

Myrtle Beach, SC | 57,430 SF retail center | Build-to-Suit/Lease | Download brochure | Contact Bill Smith


Property Description

This Myrtle Beach, South Carolina retail center is anchored by a 45,555 square-foot Lowes Foods grocery store with an additional 11,875 square feet of retail space.

Ocean Bay Market represents a significant and strategic investment by Red Rock Developments and helps to further assert Red Rock’s role as a prominent retail developer in the Southeast. The center is owned by a wholly-owned subsidiary of Red Rock Developments and is financed through traditional short-term and long-term financing sources. Additionally, the development contains seven outparcels representing additional development opportunities.

Project Highlights

 

  • Anchored by Lowes Foods, McDonalds and CVS
  • Immediate outparcel availability
  • Located on International Drive, just west of Highway 31
  • 9,000 acre planned community close to downtown Myrtle Beach with its own schools, ZIP Code™, recreation and shopping

Surrounding Area

  • The Myrtle Beach area is a top tourist destination in the US with as many as 
  • 14 million visitors each year.
  • Popular Myrtle Beach activities are shopping, enjoying over 60 miles of beaches and playing golf on over 120 courses.
  • Horry County is considered one of the fastest growing counties in South Carolina.

 

Area Growth

  • Currently there are 7,500 homes in Carolina Forest, housing over 20,000 with 13,000 additional homes planned
  • Development 15 years away from completion 
  • Final resident occupancy is 55,000

Area Demographics

Population:

  • 1 mile - 2,574
  • 3 miles - 17,351
  • 5 miles - 37,212

Households:

  • 1 mile - 1,041
  • 3 miles - 7,964
  • 5 miles - 16,166

Household Income:

  • 1 mile - $65,778
  • 3 miles - $55,778
  • 5 miles - $57,944