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1401 Coventry Rd

Myrtle Beach, SC 29575
  • $5,178,585
  • STATUS: Active
  • ON SITE: 127 Days
  • MLS #: 30796636
UPDATED: 21 min ago
$5,178,585
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
County:

School Ratings & Info

Description

Oswald Cooke & Associates is pleased to offer a corporate 15-Year NNN 7-Eleven, located in Surfside Beach, South Carolina (Myrtle Beach MSA). The store is set to open in June 30, 2022 and offers the investor 10% rent escalations every 5th year, including all options. The site is located at the intersection of Bypass 17 (38,400 VPD) and Coventry Road in Surfside Beach, a rapidly growing submarket of Myrtle Beach. The site has experienced a 39% population growth (five miles) over the past ten years. Other national retailers in the area include Lowe's, Kohls, Walmart, California Dreaming, Aldi, Panera Bread, Petsmart, Arby's, Starbucks, Dunkin' Donuts, Bonefish Grill, and many others. 7-Eleven has a standard and Poors bond rating of AA-, and with 9,500+ stores in the US, and is the nations largest convenience store chain. They are located in eighteen countries and produced over $99.7 billion in revenue in 2019.

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www.searchcharleston.com/homes/127408984
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1401 Coventry Rd Myrtle Beach, SC 29575

  • Price: $5,178,585
  • Status: Active
  • On Site: 127 Days
  • Updated: 21 min ago
  • MLS #: 30796636
0
Beds
0
Baths
0
½ Baths
N/A
Acres
County:
Horry
Property Description
Oswald Cooke & Associates is pleased to offer a corporate 15-Year NNN 7-Eleven, located in Surfside Beach, South Carolina (Myrtle Beach MSA). The store is set to open in June 30, 2022 and offers the investor 10% rent escalations every 5th year, including all options. The site is located at the intersection of Bypass 17 (38,400 VPD) and Coventry Road in Surfside Beach, a rapidly growing submarket of Myrtle Beach. The site has experienced a 39% population growth (five miles) over the past ten years. Other national retailers in the area include Lowe's, Kohls, Walmart, California Dreaming, Aldi, Panera Bread, Petsmart, Arby's, Starbucks, Dunkin' Donuts, Bonefish Grill, and many others. 7-Eleven has a standard and Poors bond rating of AA-, and with 9,500+ stores in the US, and is the nations largest convenience store chain. They are located in eighteen countries and produced over $99.7 billion in revenue in 2019.
Property Features

Property Status Proposed Property Sub Type Convenience StoreRetail-PadService Station/Gas StationVehicle Related Property Type Retail-Commercial Rentable Sq Ft 4558 Sale Price Min 5178585.00 Sale Terms Cash To Seller Title 7-Eleven Myrtle Beach Msa 15-Year Nnn

Listing courtesy of Oswald Cooke And Associates.
 
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Keller Williams Realty Charleston West Ashley
1180 Sam Rittenberg Blvd., Suite 300
Charleston SC, 29407