ATTRACTIVE LEASE FUNDAMENTALS WITH BELOW MARKET RENT AND FAIR MARKET VALUE OPTIONS
- New 10 year Abs. NNN lease
- 5% rent increases every 5 years in initial term and in 3 x 5 year option periods
- Zero landlord responsibilities
CORPORATE GUARANTY FROM INVESTMENT GRADE TENANT
- This Novant Health location is backed by the Novant Health credit (S&P: AA-)
- The tenant Novant Health Urgent care is a subsidiary of Novant Health with over $8.3 Billion in annual revenue
- The whole system has over 18 hospitals, 850 outpatient centers, and over 40,000 employees
WELL POSITIONED IN MEDICAL NODE NEAR OLDER CLIENTELE
- Over 50% of the population in a 1-mile radius is 55 years or older
- Across the street from Tidelands Health - a 65K SF medical facility
- Less than a mile from new 84K SF VA Outpatient Hospital
LOCATED NEAR THOUSANDS OF HOMES AND APARTMENTS
- Across the street from Cresswind Communities a 400 home active adult community
- Over 3500 homes in a 1-mile radius
- Over 1300 apartment units in a 1-mile radius
- Adjacent to Veranda at Market Common (288 unit apartment complex)
TOURIST DESTINATION
- Top Tourist Destination in the Country - The Grand Strand, which includes Myrtle Beach, hosts approximately 19 million tourists annually
- Myrtle Beach ranked third on most popular tourist destinations for Americans by Trip Advisor in 2021
- Home to 25 international companies, in the top 10 for Foreign Direct Investment
MYRTLE BEACH MSA
- Over 50K people live in a 3-mile radius, which is expected to grow at an annual rate of 4.2% over the next 5 years (According to
- Myrtle Beach has been named fastest grown City in the US for 3rd straight year (U.S. News & World Report 2023)
- 42% increases from 2010