Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 215 South Mullins Street in Mullins, South Carolina. The subject property consists of approximately 144,626 square feet of food processing space and is situated on 39.63 acres of land. The eight-building asset features 20,751 square feet of freezer and cooler space, steel and masonry construction, a clear height of 16’, 10 dock-high doors, four HVAC units, three-phase heavy power with 1,200 amps and 480 volts, and 129 parking spaces. Located just off U.S. Route 76, the property is 46 miles from Myrtle Beach, 29 miles east of Florence Regional Airport, and 17 miles from Inland Port Dillon. Formerly occupied by SOPAKCO, a world leader in meal ready-to-eat (MRE) products, the vacant property is ideal for a variety of food processing and cold storage uses. At $29.39 per square foot, the property is priced well below replacement costs. The subject property is located just outside of the Myrtle Beach market area. The city of Mullins maintains an inventory of 2.6 million square feet of industrial space. Due to the city’s size, Mullins did not record any industrial activity (absorption or deliveries) during the first quarter of 2025. However, the city boasts an industrial vacancy rate of 5.0 percent, more than 200 basis points lower than the national average. With no industrial properties under construction, demand will continue to drive vacancies and rents in Mullins for the foreseeable future (CoStar). Spanning across North Carolina and South Carolina along the eastern shoreline is Myrtle Beach. Historically, metro Myrtle Beach was built upon the rise of the tobacco industry in America, with the neighboring city of Mullins representing the largest producer and distributor of tobacco in the nation during the turn of the 20th century. Today, Myrtle Beach is a rapidly growing metropolitan area with a population of 519,000 residents. The local economy is anchored by tourism, supporting jobs in hospitality, entertainment, and food services, while technology and manufacturing are emerging sectors. The area boasts several higher education institutions and is a hub for golf tourism. Strong population and household growth, outpacing national averages, reflect Myrtle Beach’s appeal for both new residents and entrepreneurs (Wikipedia, Marcus & Millichap).