4995 Socastee Blvd - Convenience Store FOR SALE
Myrtle Beach, SC 29588 |
$9,094,000 USD
858-373-3174
4995 Socastee Blvd
Myrtle Beach, SC 29588
HIGHLIGHTS
- New 15-Year Absolute NNN Lease with 10% Increases Every 5 Years
- Corporate Guaranty by 7-Eleven, Inc., Investment Grade Credit (Rated ”A-“ by S&P)
- 7-Eleven Has Never Defaulted on a Lease in the History of Tenant Operations, Occupy Established Locations for an Average of 43 Years
- Brand New High-Quality Construction (16 Fuel Pumps) on Oversized Parcel, Eligible for 100% Bonus Depreciation
- Serving Over 100,000 Residents in One of the Fastest-Growing Cities in the U.S.
- Surrounded by Several New Residential Developments Under Construction with 8,000+ Homes
FOR SALE DETAILS
PRICE
$9,094,000 USD
PRICE/SF
$1,956 USD /SF
CAP RATE
5.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
7-Eleven Gas & C-Store
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Convenience Store
ADD'L SUBTYPES
Convenience Store, Freestanding, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2025
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
2.16 AC
LAND SF
94,090 SF
ZONING
-
APN/PARCEL ID
-
ASK ABOUT THIS PROPERTY
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858-373-3174
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858-373-3174
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