Starbucks

11860 Hwy 707, Murrells Inlet, SC
Deal Type:
Net Lease
Price:
$2,928,000
Cap Rate:
6.25%
Current Rent:
$183,000
Lease Type:
DoubleNet
Lease Term:
10 years
Landlord Responsibilities:
Roof and Structural replacement
Renewal Options:
4, 5-year options
Building Sq. Ft.:
2,530 SF
Rent Increases:
10% every 5 Years
Site Size:
0.938 AC

Investment Highlights

  • Commitment to the Site: Starbucks signed a brand new 10-year lease with no kick-out clause.
  • Passive Ownership Opportunity: The tenant is responsible for all Taxes, CAM, and insurance, providing minimal landlord ownership responsibilities.
  • Scheduled Rent Increases: The lease calls for rental increases of 10% every five years including the option periods.
  • Conveniently Situated on Highway 707: Boasting over 22,500 vehicles per day (VPD), the Starbucks enjoys excellent visibility and accessibility, catering to both local residents and tourists.
  • Myrtle Beach MSA Location: Murrells Inlet is located on the eastern coast of South Carolina and has an affluent customer base. It is also a part of the Myrtle Beach MSA. A tourism hub, hosting nearly 17 million visitors per year.
  • Grocery Outparcel: The site is surrounded with high traffic brick and mortar stores such as Publix, Dunkin Donuts, Bojangles, Zaxby’s, and CVS providing high visibility to the property.

Listing Agents

Jordan Koeppel

Vice President
561 789 5504
[email protected]

Connor Shell

Managing Director
407 913 9009
[email protected]

Jordan Shtulman

Managing Principal
847 226 4133
[email protected]

Broker Of Record: Jonah Helbraun, Lic: SC – 137125SC

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