Murphy USA
Myrtle Beach, SC
Key Details
| Price: | $2,000,000 |
|---|---|
| Cap Rate: | 5.42% |
| Annual Rent: | $108,475 |
| Address: | 577 International Drive, Myrtle Beach, South Carolina 29579 |
| Property Type: | Retail |
| Lease Type: | Ground |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Commencement: | 11/29/2013 |
| Lease Expiration: | 11/30/2033 |
| Lease Term Remaining: | 8.9 Years |
| Rental Increases: | 8% Every Option |
| Lot Size: | 1.25 Acres |
| Building Size: | 2,500 SF |
| Year Built: | 2012 |
NNN Pro is pleased to present the exclusive listing for a Murphy USA located at 577 International Drive, Myrtle Beach, South Carolina 29579. The site consists of roughly 2500 rentable square feet of building space on an estimated 1.25-acre parcel of land. This Murphy USA is subject to a 20-year Ground lease, which commenced 11/29/2013. The current annual rent is $108,475 and has scheduled increases of 8% Every Option.
About the Investment
- Dense Retail Corridor | Major Retailers Include Lowe’s, McDonald’s, Bojangles, Circle K, Taco Bell, And More
- Myrtle Beach, SC Is The #1 Fastest Growing City In America For The Third Year In A Row (U.S News & World Report)
- Strong Traffic Counts | Over 31,780 Vehicles Per Day Along Robert M. Grissom Pkwy
- Compelling Demographics | 6.9% Population Growth From 2020-2024 Within A 5-Mile Radius Of The Subject Property
- Affluent Community | Average Household Income Of $82,000 Within A 3-Mile Radius Of The Subject Property | Over 67,500 Individuals Reside Within A Five-Mile Radius
Key Details
| Price: | $2,000,000 |
|---|---|
| Cap Rate: | 5.42% |
| Annual Rent: | $108,475 |
| Address: | 577 International Drive, Myrtle Beach, South Carolina 29579 |
| Property Type: | Retail |
| Lease Type: | Ground |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Commencement: | 11/29/2013 |
| Lease Expiration: | 11/30/2033 |
| Lease Term Remaining: | 8.9 Years |
| Rental Increases: | 8% Every Option |
| Lot Size: | 1.25 Acres |
| Building Size: | 2,500 SF |
| Year Built: | 2012 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Judson Kauffman
jkauffman@nnnpro.com
License: NY: 10401296108
Hannan Ben Yosef
hbenyosef@nnnpro.com
License: NY: 10401358655
Matt Sorace
msorace@nnnpro.com
License: NY: 10401367850
Broker of Record
Brian Brockman
Bang Realty-South Carolina, Inc
License: 108250
This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.